TAYLOR STATE BANK Failed 1985

EMINGTON, IL · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

TAYLOR STATE BANK of EMINGTON, IL was closed on 1985-03-15. The FDIC was named receiver.

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

Deposits were transferred to FIRST NB OF DWIGHT (DWIGHT, IL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
969
FDIC Certificate
10811
FDIC FIN
2449
Bank name
TAYLOR STATE BANK
Location
EMINGTON, IL
Failure date
1985-03-15
FDIC resolution date
1985-03-15
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
$5M
Assets at failure
$5M
Acquiring bank
FIRST NB OF DWIGHT (DWIGHT, IL)