Bank failure · IL
Heritage Savings Assoc. (Jerseyville, IL) — failed August 24, 1989
Heritage Savings Assoc. of Jerseyville, Illinois was closed on August 24, 1989 and resolved through a purchase and assumption. Carrollton B&tc (IL) took over its insured deposits. At failure it held $32.9M in assets and $27.7M in deposits. The FDIC's estimated loss on the failure is $1K (0.0% of assets).
- Closing date
- August 24, 1989
- FDIC certificate #
- 30628
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Carrollton B&tc
- Insurance fund
- RTC
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