Data / Bank failures / 1978 / The Drovers' National Bank of Chicago
The Drovers' National Bank of Chicago, Chicago, IL: failed January 19, 1978
The Drovers' National Bank of Chicago in Chicago, Illinois, failed on January 19, 1978. It held $226.8 million in assets and $197.2 million in deposits at its last report. By assets it was the 2nd largest of 7 banks closed or assisted in 1978.
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The FDIC's record
- Closed
- January 19, 1978
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total assets
- $226,826,000
- Total deposits
- $197,166,000
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 3623
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 | ||
| North Point State Bank | Arlington | December 16, 1978 | $26.5 million | $21.9 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.