Data / Bank failures / 1980 / The Rochelle BK & TR Co.
The Rochelle BK & TR Co., Rochelle, IL: failed October 11, 1980
The Rochelle BK & TR Co. in Rochelle, Illinois, failed on October 11, 1980. United Bank of Rochelle of Rochelle, IL, took over its deposits. It held $8.4 million in assets and $7.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $777,705 (9.2% of its assets). By assets it was the 19th largest of 22 banks closed or assisted in 1980.
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The FDIC's record
- Closed
- October 11, 1980
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- United Bank of Rochelle, Rochelle, IL
- Total assets
- $8,430,000
- Total deposits
- $7,567,000
- Estimated cost to the FDIC
- $777,705 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 17762
Other bank failures in Illinois, 1978 to 1982
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Chicagoland FS&LA (assistance) | Chicago | December 17, 1982 | $140.5 million | $126.3 million | $9.8 million | Great American FS&LA |
| Tri-State Bank | Markham | October 8, 1982 | $16.3 million | $16 million | ||
| Vandalia Citizens S&LA (assistance) | Vandalia | September 10, 1982 | $13.7 million | $13.1 million | $898,750 | Fidelity FS&LA |
| Investors S&LA (assistance) | Fairview Heights | September 10, 1982 | $48.1 million | $39.8 million | $949,062 | Fidelity FS&LA |
| Union of Cook County (assistance) | Matteson | September 1, 1982 | $107 million | $94.5 million | Citicorp SVG of Il A FS&LA | |
| First FS&LA (assistance) | Peoria | September 1, 1982 | $446 million | $401.7 million | Talman Home FS&LA of Il | |
| Security BK & TR Company | Cairo | August 27, 1982 | $12 million | $11.2 million | $2.5 million | First BANK&TRUST Co |
| Farmers State BK of Lewiston | Lewiston | June 25, 1982 | $30.9 million | $28.1 million | $8.2 million | Farmers STB of Fulton Co |
All bank failures in 1980 · All bank failures in Illinois · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.