Bank failure · IL
Republic Savings Bank (South Beloit, IL) — failed October 1, 1986
Republic Savings Bank of South Beloit, Illinois was closed on October 1, 1986 and resolved through a a/a. River Valley Savings Bank (IL) took over its insured deposits. At failure it held $56.8M in assets and $60.3M in deposits. The FDIC's estimated loss on the failure is $20.3M (35.7% of assets).
- Closing date
- October 1, 1986
- FDIC certificate #
- 31384
- Resolution
- A/A (assistance)
- Acquiring institution
- River Valley Savings Bank
- Insurance fund
- FSLIC
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