Bank failure · IL
Security Fed. S & L Assoc. (Peoria, IL) — failed August 17, 1989
Security Fed. S & L Assoc. of Peoria, Illinois was closed on August 17, 1989 and resolved through a purchase and assumption. First Financial Bank, FSB (WI) took over its insured deposits. At failure it held $318.3M in assets and $231.3M in deposits. The FDIC's estimated loss on the failure is $23.5M (7.4% of assets).
- Closing date
- August 17, 1989
- FDIC certificate #
- 29850
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Financial Bank, FSB
- Insurance fund
- RTC
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