Bank failure · IL
New Athens Fs & LA (New Athens, IL) — failed March 2, 1990
New Athens Fs & LA of New Athens, Illinois was closed on March 2, 1990 and resolved through a purchase and assumption. United Il Bank of New Athen (IL) took over its insured deposits. At failure it held $30.4M in assets and $27.6M in deposits. The FDIC's estimated loss on the failure is $1.6M (5.1% of assets).
- Closing date
- March 2, 1990
- FDIC certificate #
- 31174
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- United Il Bank of New Athen
- Insurance fund
- RTC
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