Bank failure · IL
The First Nat Bk of Danvers (Danvers, IL) — failed August 5, 1983
The First Nat Bk of Danvers of Danvers, Illinois was closed on August 5, 1983 and resolved through a purchase and assumption. First State Bank of Danv (IL) took over its insured deposits. At failure it held $12.5M in assets and $11.7M in deposits. The FDIC's estimated loss on the failure is $3.2M (25.3% of assets).
- Closing date
- August 5, 1983
- FDIC certificate #
- 3643
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First State Bank of Danv
- Insurance fund
- FDIC
Other failures in 1983
- First Fs&la of Monroeville AL
- Citizens S&la OH
- The Bank of Red Oak OK
- Bank of Hackleburg AL
- Union Trust Company PR
- Metro Fs&la LA
- Bohemian S&la MO
- Atkinson Trust & Savings Bank IL
- First Fs&la of Ft. Wayne IN
- American Fs&la IN
- Ft. Wayne Fs&la IN
- South Bend Fs&la IN
- First Nat Bk of Browning MT
- State of Clovis, Sa NM
- Cleveland Community Savings Co. OH
- The First Nat Bk of Midland TX
- First Carolina Fs&la SC
- The Deschutes Bank OR
- Auburn Savings Bank NY
- Dominion Bk of Denver CO
- Security S&la LA
- National Bk of Odessa TX
- Bastrop Fs&la LA
- Warren County Bank TN