Data / Bank failures / 1984 / First Security Bank
First Security Bank, Sandwich, IL: failed December 22, 1984
First Security Bank in Sandwich, Illinois, failed on December 22, 1984. First NB of Sandwich of Sandwich, IL, took over its deposits. It held $13.4 million in assets and $12.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1 million (7.6% of its assets). By assets it was the 81st largest of 106 banks closed or assisted in 1984.
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The FDIC's record
- Closed
- December 22, 1984
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First NB of Sandwich, Sandwich, IL
- Total assets
- $13,422,000
- Total deposits
- $12,101,000
- Estimated cost to the FDIC
- $1,017,573 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 22160
Other bank failures in Illinois, 1982 to 1986
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First Savings of America | Orland Park | December 12, 1986 | $47 million | $56 million | ||
| Republic Savings Bank (assistance) | South Beloit | October 1, 1986 | $56.8 million | $60.3 million | $20.3 million | River Valley Savings Bank |
| Mendon State Bank | Mendon | August 20, 1986 | $18.9 million | $17.6 million | $8 million | First Midwest Bank Quinc |
| Central Illinois S&LA | Virden | July 25, 1986 | $47.6 million | $58.9 million | $18.7 million | |
| First American S&LA (assistance) | Benton | April 14, 1986 | $80.6 million | $73.5 million | $25.5 million | First Cook Bank for Savings |
| Glen Ellyn S&LA (assistance) | Glen Ellyn | September 20, 1985 | $122.1 million | $101.1 million | $18.5 million | Citicorp Savings of Illinoi |
| Citizens FS&LA (assistance) | Matteson | September 3, 1985 | $133.8 million | $133.5 million | $3 million | Republic Savings Bank, FSB |
| State Bank of Farmersville | Farmersville | August 9, 1985 | $12 million | $12.1 million | $2.2 million | Litchfield BANK&TRUST Co |
All bank failures in 1984 · 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.