Data / Bank failures / 1990 / Fidelity Savings Bank
Fidelity Savings Bank, Danville, IL: failed February 16, 1990
Fidelity Savings Bank in Danville, Illinois, failed on February 16, 1990. First Midwest Bank of Danville, IL, took over its deposits. It held $16.3 million in assets and $16.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.1 million (6.6% of its assets). By assets it was the 327th largest of 382 banks closed or assisted in 1990.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- February 16, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First Midwest Bank, Danville, IL
- Total assets
- $16,317,000
- Total deposits
- $16,462,000
- Estimated cost to the FDIC
- $1,079,928 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 28829
Other bank failures in Illinois, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Irving FB for Savings | Chicago | November 20, 1992 | $247 million | $246.3 million | $4.6 million | |
| Republic FSB | Matteson | June 5, 1992 | $290.3 million | $264.2 million | $79 | Regency SB, FSB |
| Mayfair Bank | Chicago | June 4, 1992 | $32.2 million | $29.7 million | $1.2 million | Foster Bank |
| Lemont Fsa | Lemont | February 28, 1992 | $193.7 million | $188.8 million | $53 million | |
| Kempton State Bank | Kempton | February 7, 1992 | $3.6 million | $3.6 million | $564,121 | Vermilion Valley Bank |
| Western FS & La | Clenview | November 22, 1991 | $33.2 million | $26.4 million | $1.8 million | Devon Bank |
| United Savings of America | Chicago | September 27, 1991 | $1.16 billion | $1.07 billion | $63.5 million | First NB of Chicago |
| First Bank and Trust (assistance) | Harrisburg | September 16, 1991 | $26.6 million | $26.2 million | $626,895 | First Bank and Trust |
Other failed banks First Midwest Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Waukegan Savings Bank | Waukegan | IL | August 3, 2012 | $83.7 million | $73 million | $23.5 million | First Midwest Bank |
| Palos Bank and Trust Company | Palos Heights | IL | August 13, 2010 | $493.4 million | $467.8 million | $67 million | First Midwest Bank |
| Peotone Bank and Trust Company | Peotone | IL | April 23, 2010 | $130.2 million | $124.7 million | $45.6 million | First Midwest Bank |
| First Dupage Bank | Westmont | IL | October 23, 2009 | $262.1 million | $254 million | $85.3 million | First Midwest Bank |
All bank failures in 1990 · All bank failures in Illinois · Every failed bank First Midwest Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.