# FIRST NAT BK OF OAK LAWN

> **Failed bank** · OAK LAWN, IL · failed 1983-04-29 · National commercial bank (OCC-chartered) · FDIC cost $21M

## What happened

FIRST NAT BK OF OAK LAWN of OAK LAWN, IL was closed by the OCC on **1983-04-29**. The FDIC was named receiver.

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

Deposits were transferred to **OAK LAWN NATIONAL BANK** (OAK LAWN, IL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 775
- **FDIC Certificate:** 18550
- **FDIC FIN:** 2344
- **Bank name:** FIRST NAT BK OF OAK LAWN
- **Location:** OAK LAWN, IL
- **Failure date:** 1983-04-29
- **FDIC resolution date:** 1983-04-29
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $21M
- **Deposits at failure:** $123M
- **Assets at failure:** $130M
- **Acquiring bank:** OAK LAWN NATIONAL BANK (OAK LAWN, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20NAT%20BK%20OF%20OAK%20LAWN

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST NAT BK OF OAK LAWN (FDIC ID 775), failed 1983-04-29. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/775.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*