Bank failure · IL

Washington Nat Bk of Chicago (Chicago, IL) — failed May 18, 1984

Washington Nat Bk of Chicago of Chicago, Illinois was closed on May 18, 1984 and resolved through a purchase and assumption. Banco Popular De Puerto (PR) took over its insured deposits. At failure it held $14.1M in assets and $13.8M in deposits. The FDIC's estimated loss on the failure is $2.0M (14.1% of assets).