Bank failure · IL

Security Bk & Tr Company (Cairo, IL) — failed August 27, 1982

Security Bk & Tr Company of Cairo, Illinois was closed on August 27, 1982 and resolved through a purchase and assumption. First Bank&trust Co (IL) took over its insured deposits. At failure it held $12.0M in assets and $11.2M in deposits. The FDIC's estimated loss on the failure is $2.5M (20.7% of assets).