# TAYLOR STATE BANK

> **Failed bank** · EMINGTON, IL · failed 1985-03-15 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

TAYLOR STATE BANK of EMINGTON, IL was closed by regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $5M
- **Assets at failure:** $5M
- **Acquiring bank:** FIRST NB OF DWIGHT (DWIGHT, IL)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, TAYLOR STATE BANK (FDIC ID 969), failed 1985-03-15. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/969.

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