Data / Bank failures / 1991 / First Bank and Trust
First Bank and Trust, Harrisburg, IL: received FDIC assistance September 16, 1991
First Bank and Trust in Harrisburg, Illinois, received open bank assistance from the FDIC on September 16, 1991. It held $26.6 million in assets and $26.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $626,895 (2.4% of its assets). By assets it was the 217th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- September 16, 1991
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- First Bank and Trust, Harrisburg, IL
- Total assets
- $26,582,000
- Total deposits
- $26,248,000
- Estimated cost to the FDIC
- $626,895 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 19591
Other bank failures in Illinois, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Eagle Bank of Champaign County, National A | Rantoul | July 1, 1993 | $20.2 million | $19.7 million | $678,661 | Busey Bank |
| Irving FB for Savings | Chicago | November 20, 1992 | $247 million | $246.3 million | $4.6 million | |
| Republic FSB | Matteson | June 5, 1992 | $290.3 million | $264.2 million | $79 | Regency SB, FSB |
| Mayfair Bank | Chicago | June 4, 1992 | $32.2 million | $29.7 million | $1.2 million | Foster Bank |
| Lemont Fsa | Lemont | February 28, 1992 | $193.7 million | $188.8 million | $53 million | |
| Kempton State Bank | Kempton | February 7, 1992 | $3.6 million | $3.6 million | $564,121 | Vermilion Valley Bank |
| Western FS & La | Clenview | November 22, 1991 | $33.2 million | $26.4 million | $1.8 million | Devon Bank |
| United Savings of America | Chicago | September 27, 1991 | $1.16 billion | $1.07 billion | $63.5 million | First NB of Chicago |
Other failed banks First Bank and Trust took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First City Bank | New Orleans | LA | May 17, 1991 | $56.1 million | $56.5 million | $10.4 million | First Bank and Trust |
All bank failures in 1991 · All bank failures in Illinois · Every failed bank First Bank and Trust took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.