# THE FIRST NATIONAL BANK AND TRUST COMPANY

> **Failed bank** · TUSCOLA, IL · failed 1982-02-06 · National commercial bank (OCC-chartered) · FDIC cost $3M

## What happened

THE FIRST NATIONAL BANK AND TRUST COMPANY of TUSCOLA, IL was closed by the OCC 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
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $17M
- **Assets at failure:** $22M
- **Acquiring bank:** FIRST NB OF DOUGLAS COUN (TUSCOLA, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20FIRST%20NATIONAL%20BANK%20AND%20TRUST%20COMPANY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE FIRST NATIONAL BANK AND TRUST COMPANY (FDIC ID 639), failed 1982-02-06. Retrieved via AI Analytics 2026-06-30 from https://api.ai-analytics.org/failed-bank/639.

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