Bank failure · IL
Horizon Savings Bank, FSB (Wilmette, IL) — failed January 11, 1990
Horizon Savings Bank, FSB of Wilmette, Illinois was closed on January 11, 1990 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $1.2B in assets and $1.1B in deposits. The FDIC's estimated loss on the failure is $80.8M (6.6% of assets).
- Closing date
- January 11, 1990
- FDIC certificate #
- 28940
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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