Data / Bank failures / 1963 / The First Bank of Westmont
The First Bank of Westmont, Westmont, IL: failed May 24, 1963
The First Bank of Westmont in Westmont, Illinois, failed on May 24, 1963. It held $7.1 million in assets and $6.7 million in deposits at its last report. By assets it was the 2nd largest of 2 banks closed or assisted in 1963.
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The FDIC's record
- Closed
- May 24, 1963
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $7,055,000
- Total deposits
- $6,659,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Illinois, 1961 to 1965
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Chatham Bank of Chicago | Chicago | August 23, 1963 | $19.1 million | $16.8 million |
All bank failures in 1963 · 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.