Bank failure · IL

First Security Bank (Sandwich, IL) — failed December 22, 1984

First Security Bank of Sandwich, Illinois was closed on December 22, 1984 and resolved through a purchase and assumption. First Nb of Sandwich (IL) took over its insured deposits. At failure it held $13.4M in assets and $12.1M in deposits. The FDIC's estimated loss on the failure is $1.0M (7.6% of assets).