Bank Branches › Closed and merged banks › Illinois › First Federal Savings Association of Tuscola
What happened to First Federal Savings Association of Tuscola?
First Federal Savings Association of Tuscola in Tuscola, IL was closed in a federal resolution, and its business passed to The First National Bank of Arcola of Arcola, IL on Jun 7, 1991. After 1 more change of hands, what was First Federal Savings Association of Tuscola is today part of Peoples Bank & Trust (Pana, IL).
The chain, step by step
From the day it opened to the bank at the end of the chain today. Each step is one entry in the FDIC's record.
- 1990First Federal Savings Association of Tuscola opens in Tuscola, IL
- Jun 7, 1991RESOLVEDFirst Federal Savings Association of Tuscola was closed in a federal resolution, and its business passed to The First National Bank of Arcola of Arcola, IL.FDIC certificate 33168 ends; its business continues under certificate 3598.
- May 17, 2024MERGEDThe First National Bank of Arcola (by then renamed Arcola First Bank) of Arcola, IL merged into Peoples Bank & Trust of Pana, IL.FDIC certificate 3598 ends; its business continues under certificate 17320.
- TodayOPEN
Peoples Bank & TrustMain office Pana, IL · FDIC certificate 17320 · 14 offices in 1 state on June 30, 2026Every Peoples Bank & Trust office → Website on file with the FDIC: www.bankpbt.com
If you still have something from First Federal Savings Association of Tuscola
A lien that was never released
First Federal Savings Association of Tuscola was closed in a federal resolution on Jun 7, 1991. The FDIC's lien-release page covers failed banks and savings and loans placed in FDIC receivership; it does not say how releases work for resolutions this old.
Call FDIC Resolution Inquiries at 888-206-4662 (8am–4pm Central, weekdays) and ask whether the FDIC holds this institution's receivership. Ask Peoples Bank & Trust as well: the chain above leads there. The FDIC's own instructions are at FDIC, Obtaining a Lien Release.
An old account, passbook or CD
When a healthy bank assumes a failed bank's deposits, insured depositors become its customers right away (here, The First National Bank of Arcola). Start with Peoples Bank & Trust, and ask them to search under the name First Federal Savings Association of Tuscola.
This failure is older than the current federal rule on unclaimed deposits (mid-1993), so different rules apply. Search FDIC unclaimed funds search, search the unclaimed-property program of the state of the owner's last known address on the bank's records, and ask FDIC Resolution Inquiries at 888-206-4662 what applies to this institution.
A safe deposit box
The FDIC says that when a healthy bank assumes a failed bank's deposits, the branches usually reopen the next business day with box access. Today, ask Peoples Bank & Trust. A box abandoned for years may have been turned over to the state's unclaimed-property program.
Box contents are not covered by FDIC insurance.
Not sure this is your bank?
Many banks shared a name. Match the city and the years above against your paperwork, or search again with the town.
Credit unions were never FDIC-insured and are not in this record; the NCUA credit union lookup covers those. Banks that closed before about 1970 are not in the FDIC's list either.
One caution: banks also sell single branches. If the office you used was sold to a different bank along the way, the account went with the branch, not with this chain.
This page is drawn from FDIC records and federal guidance. It is not legal advice, and BankBranches is not a bank or a government office. More detail: lien releases · old passbooks and CDs · safe deposit boxes · unclaimed money.
Where the guidance comes from ▾
Banks folded into First Federal Savings Association of Tuscola
1 bank merged directly into this charter.
| Bank | Ended |
|---|---|
| First Federal Savings and Loan Association of TuscolaTuscola, IL | Aug 17, 1990 |
Source: FDIC BankFind institution and history records, read Nov 15, 2026. The FDIC's list covers banks that ended in about 1970 or later. Look up certificate 33168 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.