Bank failure · IL
Frontier Federal Savings Bank (Belleville, IL) — failed January 18, 1990
Frontier Federal Savings Bank of Belleville, Illinois was closed on January 18, 1990 and resolved through a purchase and assumption. Union Bank of E. St. Louis (IL) took over its insured deposits. At failure it held $45.3M in assets and $47.6M in deposits. The FDIC's estimated loss on the failure is $278K (0.6% of assets).
- Closing date
- January 18, 1990
- FDIC certificate #
- 27765
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Union Bank of E. St. Louis
- Insurance fund
- RTC
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