Bank Failure
Atkinson Trust & Savings Bank
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Closed November 25, 1983 · Atkinson, IL · FDIC Cert #11692.
- Closing date
- November 25, 1983
- Headquarters
- Atkinson, IL
- FDIC Certificate
- 11692
- Total assets at closing
- $21.1M
- Total deposits at closing
- $18.5M
- Estimated loss to the insurance fund
- $9.5M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
Context
On November 25, 1983, regulators closed Atkinson Trust & Savings Bank, headquartered in Atkinson, IL. At closing, the institution held approximately $21.1M in assets and $18.5M in deposits. The FDIC record does not name an acquiring institution. The estimated cost to the FDIC insurance fund was approximately $9.5M.
By assets at closing this is the 2301st largest of the 3,526 bank failures in the FDIC record, and the 28th of 50 in 1983. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Atkinson Trust & Savings Bank fail?
Atkinson Trust & Savings Bank was closed by regulators on November 25, 1983.
How big was Atkinson Trust & Savings Bank when it failed?
Atkinson Trust & Savings Bank had approximately $21.1M in total assets and $18.5M in deposits at the time of failure.
Other failures in 1983
| Date | Bank | Assets |
|---|---|---|
| Dec 16, 1983 | The Bank of Red Oak | $11.1M |
| Dec 13, 1983 | Bank of Hackleburg | $6.5M |
| Dec 9, 1983 | Union Trust Company | $30.6M |
| Dec 2, 1983 | Metro FS&LA | $27.4M |
| Nov 11, 1983 | First Nat BK of Browning | $13.7M |
| Nov 3, 1983 | State of Clovis, Sa | $30.9M |
| Oct 28, 1983 | Cleveland Community Savings Co. | $21.0M |
| Oct 14, 1983 | The First Nat BK of Midland | $1.41B |
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