Bank failure · IL
St. Charles Fsa (St. Charles, IL) — failed January 11, 1990
St. Charles Fsa of St. Charles, Illinois was closed on January 11, 1990 and resolved through a purchase and assumption. Old Kent Bank, NA (IL) took over its insured deposits. At failure it held $146.5M in assets and $113.3M in deposits. The FDIC's estimated loss on the failure is $6.1M (4.2% of assets).
- Closing date
- January 11, 1990
- FDIC certificate #
- 28154
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Old Kent Bank, NA
- Insurance fund
- RTC
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