Bank failure · IL
American State Bank (Bradley, IL) — failed February 12, 1983
American State Bank of Bradley, Illinois was closed on February 12, 1983 and resolved through a purchase and assumption. Midwest T&sb of Bradley (IL) took over its insured deposits. At failure it held $14.1M in assets and $13.8M in deposits. The FDIC's estimated loss on the failure is $1.2M (8.2% of assets).
- Closing date
- February 12, 1983
- FDIC certificate #
- 22880
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Midwest T&sb of Bradley
- Insurance fund
- FDIC
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