# THE FIRST NAT BK OF DANVERS

> **Failed bank** · DANVERS, IL · failed 1983-08-05 · National commercial bank (OCC-chartered) · FDIC cost $3M

## What happened

THE FIRST NAT BK OF DANVERS of DANVERS, IL was closed by the OCC on **1983-08-05**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST STATE BANK OF DANV** (DANVERS, IL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 804
- **FDIC Certificate:** 3643
- **FDIC FIN:** 2357
- **Bank name:** THE FIRST NAT BK OF DANVERS
- **Location:** DANVERS, IL
- **Failure date:** 1983-08-05
- **FDIC resolution date:** 1983-08-05
- **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:** $12M
- **Assets at failure:** $13M
- **Acquiring bank:** FIRST STATE BANK OF DANV (DANVERS, IL)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE FIRST NAT BK OF DANVERS (FDIC ID 804), failed 1983-08-05. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/804.

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