FIRST SECURITY BANK Failed 1984
What happened
FIRST SECURITY BANK of SANDWICH, IL was closed on 1984-12-22. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NB OF SANDWICH (SANDWICH, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 948
- FDIC Certificate
- 22160
- FDIC FIN
- 2435
- Bank name
- FIRST SECURITY BANK
- Location
- SANDWICH, IL
- Failure date
- 1984-12-22
- FDIC resolution date
- 1984-12-22
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $12M
- Assets at failure
- $13M
- Acquiring bank
- FIRST NB OF SANDWICH (SANDWICH, IL)