Bank failure · IL
Home Fs & LA of Centralia (Centralia, IL) — failed March 16, 1989
Home Fs & LA of Centralia of Centralia, Illinois was closed on March 16, 1989 and resolved through a insured deposit transfer. Magna Bank of Centralia (IL) took over its insured deposits. At failure it held $47.6M in assets and $48.1M in deposits. The FDIC's estimated loss on the failure is $3.6M (7.6% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 28707
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Magna Bank of Centralia
- Insurance fund
- RTC
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