Bank failure · IL
Gibson Federal S&la (Gibson City, IL) — failed December 31, 1987
Gibson Federal S&la of Gibson City, Illinois was closed on December 31, 1987 and resolved through a a/a. Champion Federal S&la (IL) took over its insured deposits. At failure it held $131.5M in assets and $146.2M in deposits. The FDIC's estimated loss on the failure is $37.4M (28.5% of assets).
- Closing date
- December 31, 1987
- FDIC certificate #
- 31327
- Resolution
- A/A (assistance)
- Acquiring institution
- Champion Federal S&la
- Insurance fund
- FSLIC
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