The Graveyard › Banks › 1984
First Security Bank
Sandwich, IL · failed December 22, 1984 · FDIC certificate 22160
First Security Bank of Sandwich, IL failed on December 22, 1984. It opened on November 1, 1975, 9 years before. At its last report before that it held $13.4 million in assets and $12.1 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $1.0 million on it.
1984-031984-09
Assets at the end$13.4 millionlast report before December 22, 1984
Deposits at the end$12.1 million
Estimated loss to the fund$1.0 millionFDIC
Largest in the quarterly reports$13.4 millionSeptember 30, 1984
Equity to assets8.8%September 30, 1984
Loans not being repaid4.4%noncurrent, September 30, 1984
Return on assets-1.52%a year's rate, September 30, 1984
Staff7full time, September 30, 1984
Also ended in 1984
- Continental Illinois National Bank & Trust · Chicago · $40.0 billion in assets · assisted
- Continental Fs&La · Cleveland · $1.0 billion in assets · assisted
- San Marino S&LA · San Marino, CA · $856.8 million in assets
- Suburbia Fs&La · Garden City · $660.2 million in assets · assisted
- Century Fs&La · Cedarhurst · $651.7 million in assets · assisted
- Orange Savings Bank · Livingston · $513.4 million in assets · assisted
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.