Bank failure · IL
Peoples S & L Assoc. (Streator, IL) — failed July 20, 1989
Peoples S & L Assoc. of Streator, Illinois was closed on July 20, 1989 and resolved through a insured deposit transfer. Branch Sale (NA) took over its insured deposits. At failure it held $46.3M in assets and $47.3M in deposits. The FDIC's estimated loss on the failure is $19.7M (42.5% of assets).
- Closing date
- July 20, 1989
- FDIC certificate #
- 29428
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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