Bank failure · IL

Heritage Bank of Bureau County (Depue, IL) — failed February 8, 1984

Heritage Bank of Bureau County of Depue, Illinois was closed on February 8, 1984 and resolved through a purchase and assumption. Colonial T&sb of Bureau (IL) took over its insured deposits. At failure it held $8.7M in assets and $7.8M in deposits. The FDIC's estimated loss on the failure is $1.4M (15.9% of assets).