Data / Bank failures / 1963 / Chatham Bank of Chicago
Chatham Bank of Chicago, Chicago, IL: failed August 23, 1963
Chatham Bank of Chicago in Chicago, Illinois, failed on August 23, 1963. It held $19.1 million in assets and $16.8 million in deposits at its last report. By assets it was the largest of 2 banks closed or assisted in 1963.
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The FDIC's record
- Closed
- August 23, 1963
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $19,124,000
- Total deposits
- $16,782,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Illinois, 1961 to 1965
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The First Bank of Westmont | Westmont | May 24, 1963 | $7.1 million | $6.7 million |
All bank failures in 1963 · All bank failures in Illinois · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.