Bank failure · IL
Home Federal Bank for Savings (Waukegan, IL) — failed December 14, 1990
Home Federal Bank for Savings of Waukegan, Illinois was closed on December 14, 1990 and resolved through a purchase and assumption. First of Amer. Bk-N.E. Il, (IL) took over its insured deposits. At failure it held $348.1M in assets and $196.1M in deposits. The FDIC's estimated loss on the failure is $19.6M (5.6% of assets).
- Closing date
- December 14, 1990
- FDIC certificate #
- 31137
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First of Amer. Bk-N.E. Il,
- Insurance fund
- RTC
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