Crest Savings

Status:Inactive as of 11/09/1989
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Crest Federal Savings and Loan Association
Headquarters:Crest Savings
1775 E Court St
Kankakee, IL 60901
Established:11/28/1956
FDIC Insurance:11/28/1956
FDIC Cert:#30909
Charter Class:
Total Assets:$137,052,000
Total Deposits:$133,238,000

History

1956-11-28Institution established: Original name:Marycrest Savings and Loan Association
1984-04-30Changed name to Crest Savings
1989-11-09Placed into government conservatorship.
1989-11-09Failed, went into receivership, and then became part of Crest Federal Savings and Loan Association (32831)
1989-11-09Institution established: Original name:Crest Federal Savings and Loan Association (32831)
1990-09-14Acquired after government financial assistance and subsequently operated as part of Peoples Bank Marycrest (18566)
1990-09-14Government conservatorship or bridge bank resolved.
1992-01-01Changed name to Peoples Bank of Kankakee County (18566)
1992-01-01Moved bank headquarters from KANKAKEE, IL to BOURBONNAIS, IL
1993-04-27Change trust powers from TRUST POWERS NOT GRANTED to TRUST POWERS TERMINATED