Bank failure · IL

Taylor State Bank (Emington, IL) — failed March 15, 1985

Taylor State Bank of Emington, Illinois was closed on March 15, 1985 and resolved through a purchase and assumption. First Nb of Dwight (IL) took over its insured deposits. At failure it held $5.0M in assets and $4.8M in deposits. The FDIC's estimated loss on the failure is $1.5M (29.3% of assets).