# AMERICAN STATE BANK

> **Failed bank** · BRADLEY, IL · failed 1983-02-12 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

AMERICAN STATE BANK of BRADLEY, IL was closed by regulators on **1983-02-12**. The FDIC was named receiver.

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

Deposits were transferred to **MIDWEST T&SB OF BRADLEY** (BRADLEY, IL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 750
- **FDIC Certificate:** 22880
- **FDIC FIN:** 2334
- **Bank name:** AMERICAN STATE BANK
- **Location:** BRADLEY, IL
- **Failure date:** 1983-02-12
- **FDIC resolution date:** 1983-02-12
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $14M
- **Assets at failure:** $14M
- **Acquiring bank:** MIDWEST T&SB OF BRADLEY (BRADLEY, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=AMERICAN%20STATE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, AMERICAN STATE BANK (FDIC ID 750), failed 1983-02-12. Retrieved via AI Analytics 2026-07-04 from https://api.ai-analytics.org/failed-bank/750.

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