Data / Bank failures / 1992 / Kempton State Bank
Kempton State Bank, Kempton, IL: failed February 7, 1992
Kempton State Bank in Kempton, Illinois, failed on February 7, 1992. Vermilion Valley Bank of Piper City, IL, took over its deposits. It held $3.6 million in assets and $3.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $564,121 (15.5% of its assets). By assets it was the 180th largest of 181 banks closed or assisted in 1992.
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The FDIC's record
- Closed
- February 7, 1992
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Vermilion Valley Bank, Piper City, IL
- Total assets
- $3,644,000
- Total deposits
- $3,612,000
- Estimated cost to the FDIC
- $564,121 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 16377
Other bank failures in Illinois, 1990 to 1994
| 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 | |
| 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 |
| First Bank and Trust (assistance) | Harrisburg | September 16, 1991 | $26.6 million | $26.2 million | $626,895 | First Bank and Trust |
All bank failures in 1992 · 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.