Bank failure · IL

Continental Illinois Nat Bk & Tr (Chicago, IL) — failed May 17, 1984

Continental Illinois Nat Bk & Tr of Chicago, Illinois was closed on May 17, 1984 and resolved through a a/a. Continental Illinois Nat Bk (IL) took over its insured deposits. At failure it held $40.0B in assets and $28.6B in deposits. The FDIC's estimated loss on the failure is $1.1B (2.8% of assets).