Bank failure · IL
The First Bank of Westmont (Westmont, IL) — failed May 24, 1963
The First Bank of Westmont of Westmont, Illinois was closed on May 24, 1963 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $7.1M in assets and $6.7M in deposits.
- Closing date
- May 24, 1963
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- FDIC