Bank failure · IL
Midwest Home FSB (Belleville, IL) — failed March 16, 1989
Midwest Home FSB of Belleville, Illinois was closed on March 16, 1989 and resolved through a purchase and assumption. UMB First Nb (IL) took over its insured deposits. At failure it held $123.6M in assets and $106.1M in deposits. The FDIC's estimated loss on the failure is $15.6M (12.7% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 27717
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- UMB First Nb
- Insurance fund
- RTC
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