# INDUSTRIAL NATIONAL BANK OF EAST CHICAGO

> **Failed bank** · EAST CHICAGO, IN · failed 1986-04-03 · National commercial bank (OCC-chartered) · FDIC cost $1M

## What happened

INDUSTRIAL NATIONAL BANK OF EAST CHICAGO of EAST CHICAGO, IN was closed by the OCC on **1986-04-03**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **MERCANTILE NB OF INDIANA** (HAMMOND, IN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1171
- **FDIC Certificate:** 22774
- **FDIC FIN:** 2546
- **Bank name:** INDUSTRIAL NATIONAL BANK OF EAST CHICAGO
- **Location:** EAST CHICAGO, IN
- **Failure date:** 1986-04-03
- **FDIC resolution date:** 1986-04-03
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $8M
- **Assets at failure:** $8M
- **Acquiring bank:** MERCANTILE NB OF INDIANA (HAMMOND, IN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=INDUSTRIAL%20NATIONAL%20BANK%20OF%20EAST%20CHICAGO

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, INDUSTRIAL NATIONAL BANK OF EAST CHICAGO (FDIC ID 1171), failed 1986-04-03. Retrieved via AI Analytics 2026-07-06 from https://api.ai-analytics.org/failed-bank/1171.

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