Data / Bank failures / 1982 / Security BK & TR Company
Security BK & TR Company, Cairo, IL: failed August 27, 1982
Security BK & TR Company in Cairo, Illinois, failed on August 27, 1982. First BANK&TRUST Co of Cairo, IL, took over its deposits. It held $12 million in assets and $11.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.5 million (20.7% of its assets). By assets it was the 105th largest of 119 banks closed or assisted in 1982.
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The FDIC's record
- Closed
- August 27, 1982
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First BANK&TRUST Co, Cairo, IL
- Total assets
- $12,021,000
- Total deposits
- $11,169,000
- Estimated cost to the FDIC
- $2,483,942 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 3774
Other bank failures in Illinois, 1980 to 1984
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First Security Bank | Sandwich | December 22, 1984 | $13.4 million | $12.1 million | $1 million | First NB of Sandwich |
| American Heritage Savings FA (assistance) | Bloomington | August 28, 1984 | $277 million | $256.4 million | $42.9 million | Household Bank FSB |
| The Coffeen National Bank | Coffeen | July 12, 1984 | $9.4 million | $9.4 million | $1.7 million | Coffeen State Bank |
| Washington Nat BK of Chicago | Chicago | May 18, 1984 | $14.1 million | $13.8 million | $2 million | Banco Popular de Puerto |
| Continental Illinois Nat BK & TR (assistance) | Chicago | May 17, 1984 | $39.96 billion | $28.59 billion | $1.11 billion | Continental Illinois Nat BK |
| United of America Bank | Chicago | April 26, 1984 | $38.1 million | $36.9 million | $876,199 | Mid-City NB of Chicago |
| Heritage Bank of Bureau County | Depue | February 8, 1984 | $8.7 million | $7.8 million | $1.4 million | Colonial T&SB of Bureau |
| Atkinson Trust & Savings Bank | Atkinson | November 25, 1983 | $21.1 million | $18.5 million | $9.5 million |
Other failed banks First BANK&TRUST Co took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First Bank & Trust Co. | Duncan | OK | December 8, 1988 | $42 million | $45.2 million | $9.6 million | First BANK&TRUST Co |
All bank failures in 1982 · All bank failures in Illinois · Every failed bank First BANK&TRUST Co 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.