Data / Bank failures / 1984 / Washington Nat BK of Chicago
Washington Nat BK of Chicago, Chicago, IL: failed May 18, 1984
Washington Nat BK of Chicago in Chicago, Illinois, failed on May 18, 1984. Banco Popular de Puerto of San Juan, PR, took over its deposits. It held $14.1 million in assets and $13.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2 million (14.1% of its assets). By assets it was the 79th largest of 106 banks closed or assisted in 1984.
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The FDIC's record
- Closed
- May 18, 1984
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Banco Popular de Puerto, San Juan, PR
- Total assets
- $14,077,000
- Total deposits
- $13,809,000
- Estimated cost to the FDIC
- $1,983,855 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 22568
Other bank failures in Illinois, 1982 to 1986
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First Savings of America | Orland Park | December 12, 1986 | $47 million | $56 million | ||
| Republic Savings Bank (assistance) | South Beloit | October 1, 1986 | $56.8 million | $60.3 million | $20.3 million | River Valley Savings Bank |
| Mendon State Bank | Mendon | August 20, 1986 | $18.9 million | $17.6 million | $8 million | First Midwest Bank Quinc |
| Central Illinois S&LA | Virden | July 25, 1986 | $47.6 million | $58.9 million | $18.7 million | |
| First American S&LA (assistance) | Benton | April 14, 1986 | $80.6 million | $73.5 million | $25.5 million | First Cook Bank for Savings |
| 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 |
Other failed banks Banco Popular de Puerto took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Banco de Ahorro, F.S.B. | Mayaguez | PR | May 30, 1986 | $34 million | $30 million | $7 million | Banco Popular de Puerto |
| Union Trust Company | San Juan | PR | December 9, 1983 | $30.6 million | $25.7 million | $9.2 million | Banco Popular de Puerto |
All bank failures in 1984 · All bank failures in Illinois · Every failed bank Banco Popular de Puerto 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.