Data / Bank failures / 1975 / State Bank of Clearing
State Bank of Clearing, Chicago, IL: failed July 12, 1975
State Bank of Clearing in Chicago, Illinois, failed on July 12, 1975. It held $74.4 million in assets and $60.6 million in deposits at its last report. By assets it was the 3rd largest of 13 banks closed or assisted in 1975.
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The FDIC's record
- Closed
- July 12, 1975
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total assets
- $74,354,000
- Total deposits
- $60,603,000
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- FDIC
- FDIC certificate
- 917
All bank failures in 1975 · 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.