Bank failure · IL
Citizens National Bank and Trust (Chicago, IL) — failed January 29, 1991
Citizens National Bank and Trust of Chicago, Illinois was closed on January 29, 1991 and resolved through a purchase and assumption. First Bank of Oak Park (IL) took over its insured deposits. At failure it held $18.8M in assets and $19.2M in deposits. The FDIC's estimated loss on the failure is $2.6M (14.0% of assets).
- Closing date
- January 29, 1991
- FDIC certificate #
- 16428
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Bank of Oak Park
- Insurance fund
- BIF
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