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Bank Branches › Closed and merged banks › Illinois › First Federal Savings Bank of Zion

FDIC certificate 33364 · Zion, IL

What happened to First Federal Savings Bank of Zion?

First Federal Savings Bank of Zion in Zion, IL was closed in a federal resolution, and its business passed to Advantage Bank, State Savings Bank of Las Vegas, NV on Nov 1, 1991. After 1 more change of hands, what was First Federal Savings Bank of Zion is today part of BMO Bank National Association (Chicago, IL).

1991
opened
1991
ended
1
name it used
2
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. 1991
    First Federal Savings Bank of Zion opens in Zion, IL
  2. Nov 1, 1991
    RESOLVEDFirst Federal Savings Bank of Zion was closed in a federal resolution, and its business passed to Advantage Bank, State Savings Bank of Las Vegas, NV.FDIC certificate 33364 ends; its business continues under certificate 28923.
  3. Jul 5, 2011
    MERGEDAdvantage Bank, State Savings Bank (by then renamed M & I Bank NATIONAL ASSOCIATION) of Las Vegas, NV merged into BMO Harris Bank National Association of Chicago, IL.FDIC certificate 28923 ends; its business continues under certificate 16571.
  4. Today
    OPEN
    BMO Bank National AssociationMain office Chicago, IL · FDIC certificate 16571 · 988 offices in 23 states on June 30, 2026

    Every BMO Bank National Association office →   Website on file with the FDIC: www.bmo.com

If you still have something from First Federal Savings Bank of Zion

A lien that was never released

First Federal Savings Bank of Zion was closed in a federal resolution on Nov 1, 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 BMO Bank National Association 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, Advantage Bank, State Savings Bank). Start with BMO Bank National Association, and ask them to search under the name First Federal Savings Bank of Zion.

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 BMO Bank National Association. 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 Bank of Zion

1 bank merged directly into this charter.

BankEndedHow
First Savings Bank of ZionZion, ILApr 5, 1991failed

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 33364 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.