Bank failure · IL
First Nat Bk of Oak Lawn (Oak Lawn, IL) — failed April 29, 1983
First Nat Bk of Oak Lawn of Oak Lawn, Illinois was closed on April 29, 1983 and resolved through a purchase and assumption. Oak Lawn National Bank (IL) took over its insured deposits. At failure it held $130.3M in assets and $123.3M in deposits. The FDIC's estimated loss on the failure is $21.4M (16.4% of assets).
- Closing date
- April 29, 1983
- FDIC certificate #
- 18550
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Oak Lawn National Bank
- Insurance fund
- FDIC
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