THE FIRST NATIONAL BANK AND TRUST COMPANY Failed 1982

TUSCOLA, IL · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

THE FIRST NATIONAL BANK AND TRUST COMPANY of TUSCOLA, IL was closed on 1982-02-06. The FDIC was named receiver.

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

Deposits were transferred to FIRST NB OF DOUGLAS COUN (TUSCOLA, IL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
639
FDIC Certificate
3751
FDIC FIN
2297
Bank name
THE FIRST NATIONAL BANK AND TRUST COMPANY
Location
TUSCOLA, IL
Failure date
1982-02-06
FDIC resolution date
1982-02-06
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$3M
Deposits at failure
$17M
Assets at failure
$22M
Acquiring bank
FIRST NB OF DOUGLAS COUN (TUSCOLA, IL)