Bank Failure
Chatham Bank of Chicago
BankRegReports is independent of Chatham Bank of Chicago and never asks for online banking logins or passwords.
Closed August 23, 1963 · Chicago, IL .
- Closing date
- August 23, 1963
- Headquarters
- Chicago, IL
- Total assets at closing
- $19.1M
- Total deposits at closing
- $16.8M
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
Context
On August 23, 1963, regulators closed Chatham Bank of Chicago, headquartered in Chicago, IL. At closing, the institution held approximately $19.1M in assets and $16.8M in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 2375th largest of the 3,526 bank failures in the FDIC record, and the 1st of 2 in 1963. It falls in the period the record labels Postwar Stability (1945-1979), a period with 161 failures peaking at 16 in 1976.
Three decades of regulated calm — Reg Q ceilings, geographic branching limits, and high industry profits kept failures rare.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Chatham Bank of Chicago fail?
Chatham Bank of Chicago was closed by regulators on August 23, 1963.
How big was Chatham Bank of Chicago when it failed?
Chatham Bank of Chicago had approximately $19.1M in total assets and $16.8M in deposits at the time of failure.
Other failures in 1963
| Date | Bank | Assets |
|---|---|---|
| May 24, 1963 | The First Bank of Westmont | $7.1M |
Explore: all failures · IL bank events · 1963 events · events hub