Data / Bank failures / 1987 / The Lewistown Bank
The Lewistown Bank, Lewistown, IL: failed February 27, 1987
The Lewistown Bank in Lewistown, Illinois, failed on February 27, 1987. National Bank of Canton of Canton, IL, took over its deposits. It held $15.3 million in assets and $14.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $4.2 million (27.3% of its assets). By assets it was the 173rd largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- February 27, 1987
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- National Bank of Canton, Canton, IL
- Total assets
- $15,254,000
- Total deposits
- $14,938,000
- Estimated cost to the FDIC
- $4,166,976 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 3695
Other bank failures in Illinois, 1985 to 1989
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Arlington Heights Savings Assoc. | Arlington Heights | December 7, 1989 | $509.1 million | $400.7 million | $14,920 | Citibank FSB |
| Crest Federal S & L | Kankakee | November 9, 1989 | $137.1 million | $133.2 million | $22.4 million | |
| Fidelity Federal Savings Assoc. | Galesburg | November 9, 1989 | $393.8 million | $361.6 million | $46.6 million | First Bank, A SB |
| Citizens S & La of Springfield | Springfield | September 7, 1989 | $89.3 million | $78.5 million | $5,621 | Magna Bank of Springfield |
| Heritage Savings Assoc. | Jerseyville | August 24, 1989 | $32.9 million | $27.7 million | $1,072 | Carrollton B&TC |
| Security Fed. S & L Assoc. | Peoria | August 17, 1989 | $318.3 million | $231.3 million | $23.5 million | First Financial Bank, FSB |
| Black Hawk S & L Assoc. | Rock Island | August 17, 1989 | $71.8 million | $68.3 million | $1.8 million | American Bank of Rock Islan |
| Peoples S & L Assoc. | Streator | July 20, 1989 | $46.3 million | $47.3 million | $19.7 million |
Other failed banks National Bank of Canton took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| State Bank of Cuba | Cuba | IL | January 9, 1987 | $18.3 million | $17.7 million | $2.5 million | National Bank of Canton |
All bank failures in 1987 · All bank failures in Illinois · Every failed bank National Bank of Canton 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.