Bank failure · IL

The First National Bank and Trust Company (Tuscola, IL) — failed February 6, 1982

The First National Bank and Trust Company of Tuscola, Illinois was closed on February 6, 1982 and resolved through a purchase and assumption. First Nb of Douglas Coun (IL) took over its insured deposits. At failure it held $22.1M in assets and $17.1M in deposits. The FDIC's estimated loss on the failure is $2.7M (12.4% of assets).