Data / Bank failures / 1982 / First Financial, S&LA
First Financial, S&LA, Downer's Grove, IL: received FDIC assistance April 3, 1982
First Financial, S&LA in Downer's Grove, Illinois, received open bank assistance from the FDIC on April 3, 1982. It held $633.9 million in assets and $398.2 million in deposits at its last report. By assets it was the 20th largest of 119 banks closed or assisted in 1982.
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The FDIC's record
- Closed
- April 3, 1982
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- First FS&LA of Chicago, Galena, IL
- Total assets
- $633,926,812
- Total deposits
- $398,164,412
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31193
Other bank failures in Illinois, 1980 to 1984
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First Security Bank | Sandwich | December 22, 1984 | $13.4 million | $12.1 million | $1 million | First NB of Sandwich |
| American Heritage Savings FA (assistance) | Bloomington | August 28, 1984 | $277 million | $256.4 million | $42.9 million | Household Bank FSB |
| The Coffeen National Bank | Coffeen | July 12, 1984 | $9.4 million | $9.4 million | $1.7 million | Coffeen State Bank |
| Washington Nat BK of Chicago | Chicago | May 18, 1984 | $14.1 million | $13.8 million | $2 million | Banco Popular de Puerto |
| Continental Illinois Nat BK & TR (assistance) | Chicago | May 17, 1984 | $39.96 billion | $28.59 billion | $1.11 billion | Continental Illinois Nat BK |
| United of America Bank | Chicago | April 26, 1984 | $38.1 million | $36.9 million | $876,199 | Mid-City NB of Chicago |
| Heritage Bank of Bureau County | Depue | February 8, 1984 | $8.7 million | $7.8 million | $1.4 million | Colonial T&SB of Bureau |
| Atkinson Trust & Savings Bank | Atkinson | November 25, 1983 | $21.1 million | $18.5 million | $9.5 million |
Other failed banks First FS&LA of Chicago took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Telegraph S&LA (assistance) | Chicago | IL | May 1, 1980 | $264.5 million | $218.1 million | First FS&LA of Chicago |
All bank failures in 1982 · All bank failures in Illinois · Every failed bank First FS&LA of Chicago took over · 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.