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Bank Branches › Closed and merged banks › Illinois › Illinois Savings Bank, FA

FDIC certificate 31355 · Peoria, IL

What happened to Illinois Savings Bank, FA?

Illinois Savings Bank, FA in Peoria, IL (earlier called Illinois Valley Savings and Loan Association and 1 other name) was closed in a federal resolution, and its business passed to Heart of Illinois Bank, F.S.B. of Spring Valley, IL on Aug 17, 1990. After 2 more changes of hands, what was Illinois Savings Bank, FA is today part of Heartland Bank and Trust Company (Bloomington, IL).

1917
opened
1990
failed
3
names it used
3
steps to today's bank

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.

  1. 1917
    Illinois Valley Savings and Loan Association opens in Peoria, IL
  2. Jul 31, 1985
    renamed Illinois Savings
  3. later
    renamed Illinois Savings Bank, FA
  4. Aug 17, 1990
    RESOLVEDIllinois Savings Bank, FA was closed in a federal resolution, and its business passed to Heart of Illinois Bank, F.S.B. of Spring Valley, IL.FDIC certificate 31355 ends; its business continues under certificate 31305. The FDIC's failure list dates the failure Mar 16, 1989.
  5. Jan 7, 1994
    MERGEDHeart of Illinois Bank, F.S.B. of Spring Valley, IL merged into Citizens First National Bank of Princeton, IL.FDIC certificate 31305 ends; its business continues under certificate 3731.
  6. Nov 2, 2012
    FAILEDCitizens First National Bank of Princeton, IL failed, and Heartland Bank and Trust Company of Bloomington, IL took it over.FDIC certificate 3731 ends; its business continues under certificate 20369.
  7. Today
    OPEN
    Heartland Bank and Trust CompanyMain office Bloomington, IL · FDIC certificate 20369 · 85 offices in 3 states on June 30, 2026

    Every Heartland Bank and Trust Company office →   Website on file with the FDIC: www.hbtbank.com

If you still have something from Illinois Savings Bank, FA

A lien that was never released

Illinois Savings Bank, FA failed on Mar 16, 1989, handled by the Resolution Trust Corporation, the agency that closed failed savings institutions from 1989 to 1995. 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 Heartland Bank and Trust Company 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, Heart of Illinois Bank, F.S.B.). Start with Heartland Bank and Trust Company, and ask them to search under the name Illinois Savings Bank, FA.

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 Heartland Bank and Trust Company. 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 ▾

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 31355 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.