Data / Bank failures / 1983 / The First Nat BK of Danvers
The First Nat BK of Danvers, Danvers, IL: failed August 5, 1983
The First Nat BK of Danvers in Danvers, Illinois, failed on August 5, 1983. First State Bank of Danv of Danvers, IL, took over its deposits. It held $12.5 million in assets and $11.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3.2 million (25.3% of its assets). By assets it was the 92nd largest of 99 banks closed or assisted in 1983.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- August 5, 1983
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First State Bank of Danv, Danvers, IL
- Total assets
- $12,525,000
- Total deposits
- $11,659,000
- Estimated cost to the FDIC
- $3,174,318 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 3643
Other bank failures in Illinois, 1981 to 1985
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Glen Ellyn S&LA (assistance) | Glen Ellyn | September 20, 1985 | $122.1 million | $101.1 million | $18.5 million | Citicorp Savings of Illinoi |
| Citizens FS&LA (assistance) | Matteson | September 3, 1985 | $133.8 million | $133.5 million | $3 million | Republic Savings Bank, FSB |
| State Bank of Farmersville | Farmersville | August 9, 1985 | $12 million | $12.1 million | $2.2 million | Litchfield BANK&TRUST Co |
| First FS&LA of Freeport (assistance) | Freeport | May 28, 1985 | $63.3 million | $45.7 million | $13.6 million | Home FS&LA of Rockford |
| Taylor State Bank | Emington | March 15, 1985 | $5 million | $4.8 million | $1.5 million | First NB of Dwight |
| 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 |
All bank failures in 1983 · 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.