Data / Bank failures / 1953 / First State Bank of Elmwood Park
First State Bank of Elmwood Park, Elmwood Park, IL: failed May 26, 1953
First State Bank of Elmwood Park in Elmwood Park, Illinois, failed on May 26, 1953. It held $17.5 million in assets and $17 million in deposits at its last report. By assets it was the largest of 2 banks closed or assisted in 1953.
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The FDIC's record
- Closed
- May 26, 1953
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total assets
- $17,456,000
- Total deposits
- $16,957,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Illinois, 1951 to 1955
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Camden State Bank | Camden | May 5, 1952 | $838,000 | $817,000 |
All bank failures in 1953 · 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.