Data / Bank failures / 1981 / Reserve S&LA
Reserve S&LA, Elmhurst, IL: received FDIC assistance October 7, 1981
Reserve S&LA in Elmhurst, Illinois, received open bank assistance from the FDIC on October 7, 1981. It held $129.8 million in assets and $100 million in deposits at its last report. By assets it was the 17th largest of 40 banks closed or assisted in 1981.
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The FDIC's record
- Closed
- October 7, 1981
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Hyde Park FS&LA, Chicago, IL
- Total assets
- $129,781,892
- Total deposits
- $99,976,199
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 30703
Other bank failures in Illinois, 1979 to 1983
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Atkinson Trust & Savings Bank | Atkinson | November 25, 1983 | $21.1 million | $18.5 million | $9.5 million | |
| The First Nat BK of Danvers | Danvers | August 5, 1983 | $12.5 million | $11.7 million | $3.2 million | First State Bank of Danv |
| Antioch S&LA | Antioch | July 8, 1983 | $57.9 million | $52.2 million | $3.2 million | |
| Union Nat BK of Chicago | Chicago | July 8, 1983 | $26.3 million | $24.4 million | $4.4 million | |
| First Nat BK of Oak Lawn | Oak Lawn | April 29, 1983 | $130.3 million | $123.3 million | $21.4 million | Oak Lawn National Bank |
| The Ina State Bank | Ina | April 8, 1983 | $17.7 million | $16.6 million | $2.8 million | First B&T Co MT Vernon |
| American State Bank | Bradley | February 12, 1983 | $14.1 million | $13.8 million | $1.2 million | Midwest T&SB of Bradley |
| Manning S&LA | Chicago | February 3, 1983 | $78.7 million | $60.7 million | $19.8 million |
Other failed banks Hyde Park FS&LA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Palos S&LA (assistance) | Palos Heights | IL | December 5, 1981 | $98 million | $81 million | Hyde Park FS&LA |
All bank failures in 1981 · All bank failures in Illinois · Every failed bank Hyde Park FS&LA 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.