Data / Bank failures / 1978 / North Point State Bank
North Point State Bank, Arlington, IL: failed December 16, 1978
North Point State Bank in Arlington, Illinois, failed on December 16, 1978. It held $26.5 million in assets and $21.9 million in deposits at its last report. By assets it was the 3rd largest of 7 banks closed or assisted in 1978.
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The FDIC's record
- Closed
- December 16, 1978
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total assets
- $26,466,000
- Total deposits
- $21,850,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 20315
Other bank failures in Illinois, 1976 to 1980
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Rochelle BK & TR Co. | Rochelle | October 11, 1980 | $8.4 million | $7.6 million | $777,705 | United Bank of Rochelle |
| First Calumet City Savings (assistance) | Berwyn | June 4, 1980 | $102.1 million | $82.4 million | $14.6 million | Household Bank FSB |
| Telegraph S&LA (assistance) | Chicago | May 1, 1980 | $264.5 million | $218.1 million | First FS&LA of Chicago | |
| Gateway National Bank | Chicago | July 14, 1979 | $16.9 million | $9.2 million | ||
| The Guaranty Bank & Trust Company | Chicago | July 14, 1979 | $7.9 million | $7.4 million | ||
| The Drovers' National Bank of Chicago | Chicago | January 19, 1978 | $226.8 million | $197.2 million |
All bank failures in 1978 · 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.