Bank failure · IL
Mt. Zion State Bank (Mount Zion, IL) — failed November 4, 1988
Mt. Zion State Bank of Mount Zion, Illinois was closed on November 4, 1988 and resolved through a insured deposit transfer. Mount Zion State B&t Co (IL) took over its insured deposits. At failure it held $26.4M in assets and $25.7M in deposits.
- Closing date
- November 4, 1988
- FDIC certificate #
- 10836
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Mount Zion State B&t Co
- Insurance fund
- FDIC
Other failures in 1988
- Peoria S&la IL
- Broward Fs&la FL
- Home Fs&la IA
- First Fs&la of Jacksonville FL
- Beach Fs&la FL
- Pathway Financial IL
- Northwest Fs&la IA
- United Savings Association of Texas TX
- Great Falls Fs&la MT
- Jackson County Fsa OR
- Columbia Fs&la CO
- Tracy-Collins Bank & Trust Company UT
- Peoples S&la TX
- First Fs&la TX
- Burnet S&la TX
- Independence S&la TX
- Yoakum Fs&la TX
- Seguin Savings Association TX
- Union Sa TX
- American Sb IL
- Charter Savings S&la TX
- Lee Savings Association TX
- Ranchers Savings Association TX
- Keystone S&la TX