Illinois Savings Bank, FA

Status:Inactive as of 08/17/1990
 Pass Through Receivership Merger
Conservatorship Institution Resolved
Successor Bank:Heart of Illinois Bank, F.S.B.
Headquarters:Illinois Savings Bank, FA
1916 N Knoxville Ave
Peoria, IL 61603
Established:01/01/1917
FDIC Insurance:08/09/1989
FDIC Cert:#31355
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$37,646,000
Total Deposits:$42,932,000

History

1917-01-01Institution established: Original name:Illinois Valley Savings and Loan Association
1985-07-31Changed name to Illinois Savings
1985-11-30Changed name to Illinois Savings Bank, FA
1985-11-30Changed organization type to STOCK SAVINGS BANK
1989-03-16Placed into government conservatorship.
1990-08-17Government conservatorship or bridge bank resolved.
1990-08-17Acquired after government financial assistance and subsequently operated as part of Heart of Illinois Bank, F.S.B. (31305)
1994-01-07Merged into and subsequently operated as part of Citizens First National Bank (3731) in PRINCETON, IL
1994-02-11Acquired Citizens First National Bank of Genoa (10815) in GENOA, IL
2005-07-31Acquired Farmers State Bank of Somonauk (10083) in SOMONAUK, IL
2012-11-02Failed. Acquired with government financial assistance and subsequently operated as part of Heartland Bank and Trust Company (20369)
2016-04-29Acquired American Midwest Bank (21272) in SYCAMORE, IL
2020-12-31Moved bank headquarters from 401 NORTH HERSHEY ROAD, BLOOMINGTON, IL to 401 N Hershey Rd, Bloomington, IL.
2020-12-31Acquired State Bank of LincolnHeartland Bank and Trust Company (12396) in LINCOLN, IL.
2020-12-31Moved bank headquarters from 401 NORTH HERSHEY ROAD, BLOOMINGTON, IL to 401 N Hershey Rd, Bloomington, IL.
2020-12-31Acquired State Bank of LincolnHeartland Bank and Trust Company (12396) in LINCOLN, IL.