Skip to main content

Failures by State

Bank Failures in Illinois

185 FDIC-insured banks headquartered in Illinois have failed since 1934, the 3rd most of any state or territory. The most recent was Metropolitan Capital B&T on January 30, 2026. The worst year was 1989, with 23 failures. Failed banks held $56.50B in assets at closing.

185
Failures
1934 to 2026
$56.50B
Failed assets
At closing
$6.24B
Estimated DIF loss
FDIC estimate
→
All Illinois events
Mergers and enforcement too

Largest bank failures in Illinois

Date Bank City Assets Acquirer or resolution
Sep 11, 2009 Corus Bank, N.A. Chicago $7.00B MB Financial, N.A.
Oct 30, 2009 Park National Bank Chicago $4.68B U.S. Bank, N.A.
Feb 20, 1982 Talman Home, FS&LA Chicago $3.40B Talman Home, FS&LA
May 14, 2010 Midwest Bank and Trust Company Elmwood Park $3.17B Firstmerit Bank, N.A.
Apr 23, 2010 AMCORE Bank, N.A. Rockford $3.07B Harris N.A.
Aug 20, 2010 Shorebank Chicago $2.17B Urban Partnership Bank
Jul 27, 2001 Superior Bank, FSB Hinsdale $1.77B Charter One Bank, FSB
Jul 31, 2009 Mutual Bank Harvey $1.60B United Central Bank
Jan 11, 1990 Horizon Savings Bank, FSB Wilmette $1.22B Branch sale
Sep 27, 1991 United Savings of America Chicago $1.16B First NB of Chicago

Illinois bank failures by year

Year Failures Failed assets
2026 1 $261.2M
2025 1 $49.5M
2017 3 $498.5M
2015 2 $144.8M
2014 5 $1.49B
2013 1 $58.4M
2012 8 $2.00B
2011 9 $1.90B
2010 16 $12.37B
2009 21 $18.12B
2008 1 $38.2M
2002 1 $51.6M
2001 1 $1.77B
2000 1 $90.4M
1993 1 $20.2M
1992 5 $766.7M
1991 8 $1.53B
1990 18 $6.24B
1989 23 $4.06B
1988 1 $26.4M
1987 3 $375.8M
1986 3 $113.5M
1985 2 $17.0M
1984 5 $83.7M
1983 8 $358.6M
1982 6 $3.51B
1981 3 $147.9M
1980 1 $8.4M
1979 2 $24.8M
1978 2 $253.3M
1975 1 $74.4M
1971 1 $2.2M
1969 1 $2.1M
1963 2 $26.2M
1953 1 $17.5M
1952 1 $838K
1950 1 $1.3M
1947 1 $1.7M
1943 1 $439K
1941 1 $195K
1939 3 $50K
1938 2 —
1937 5 $649K
1936 1 —
1934 1 $374K

Every bank failure in Illinois

Date Bank City Assets Acquirer or resolution
Oct 23, 2009 First Dupage Bank Westmont $262.1M First Midwest Bank
Sep 11, 2009 Corus Bank, N.A. Chicago $7.00B MB Financial, N.A.
Sep 4, 2009 Inbank Oak Forest $209.8M MB Financial N.A.
Sep 4, 2009 Platinum Community Bank Rolling Meadows $148.0M —
Jul 31, 2009 Mutual Bank Harvey $1.60B United Central Bank
Jul 2, 2009 Founders Bank Worth $889.2M The Privatebank and Trust Company
Jul 2, 2009 The First National Bank of Danville Danville $148.2M First Financial Bank, N.A.
Jul 2, 2009 Rock River Bank Oregon $74.8M The Harvard Bank
Jul 2, 2009 The John Warner Bank Clinton $69.6M State Bank of Lincoln
Jul 2, 2009 The Elizabeth State Bank Elizabeth $55.0M Galena State Bank and Trust
Jul 2, 2009 The First State Bank of Winchester Winchester $30.1M The First National Bank of Beardstown
Jun 5, 2009 Bank of Lincolnwood Lincolnwood $212.7M Republic Bank of Chicago
May 22, 2009 Strategic Capital Bank Champaign $546.6M Midland States Bank
May 22, 2009 Citizens National Bank Macomb $438.6M Morton Community Bank
Feb 27, 2009 Heritage Community Bank Glenwood $235.2M MB Financial Bank, N.A.
Feb 13, 2009 Corn Belt Bank and Trust Company Pittsfield $260.2M The Carlinville National Bank
Jan 16, 2009 National Bank of Commerce Berkeley $419.7M Republic Bank of Chicago
Oct 10, 2008 Meridian Bank Eldred $38.2M National Bank
Jun 27, 2002 Universal FSB Chicago $51.6M Chicago Community Bank
Jul 27, 2001 Superior Bank, FSB Hinsdale $1.77B Charter One Bank, FSB
Dec 14, 2000 National State Bank of Metropolis Metropolis $90.4M Banterra Bank
Jul 1, 1993 Eagle Bank of Champaign County, National a Rantoul $20.2M Busey Bank
Nov 20, 1992 Irving FB for Savings Chicago $247.0M Branch sale
Jun 5, 1992 Republic FSB Matteson $290.3M Regency SB, FSB
Jun 4, 1992 Mayfair Bank Chicago $32.2M Foster Bank
Feb 28, 1992 Lemont FSA Lemont $193.7M Branch sale
Feb 7, 1992 Kempton State Bank Kempton $3.6M Vermilion Valley Bank
Nov 22, 1991 Western FS & La Clenview $33.2M Devon Bank
Sep 27, 1991 United Savings of America Chicago $1.16B First NB of Chicago
Jul 19, 1991 Cooperative FSB Westmont $74.9M Heritage Glenwood Bank
May 17, 1991 The Cosmopolitan National Bank of Chicago Chicago $110.1M Cosmopolitan Bank and Trust
May 10, 1991 Capitol Federal Bank for Savings Chicago $39.3M Columbia NB of Chicago
May 3, 1991 Century Federal Savings Chicago $25.9M Metropolitan B&TC
Apr 5, 1991 First Savings of Zion Zion $63.2M Advantage Bank
Jan 29, 1991 Citizens National Bank and Trust Chicago $18.8M First Bank of Oak Park
Dec 27, 1990 Enterprise Savings Bank, F.A. Chicago $432.6M United FB
Dec 14, 1990 Olympic Federal Savings Berwyn $1.05B Branch sale
Dec 14, 1990 Home Federal Bank for Savings Waukegan $348.1M First of AMER. BK-N.E. Il
Aug 17, 1990 First FSA of Tuscola Tuscola $23.2M First NB of Arcola
Aug 10, 1990 American Sa of MT. Carmel Mt. Carmel $11.9M Union FSB
Aug 3, 1990 Hometown FSA Winfield $46.5M Irving Bank
Jul 13, 1990 Summit First S & La Summit $57.8M Marquette NB
Jun 22, 1990 Germania Bank, FSB Alton $785.5M Mercantile Bank of St. Loui
May 25, 1990 Bank USA, Federal Association Silvis $22.9M Metrobank
Mar 2, 1990 New Athens FS & La New Athens $30.4M United Il Bank of New Athen
Feb 23, 1990 Community Federal Savings Bank East Moline $112.0M Branch sale
Feb 16, 1990 Great American FS & La Oak Park $1.01B Branch sale
Feb 16, 1990 Fidelity Savings Bank Danville $16.3M First Midwest Bank
Feb 2, 1990 Clyde FS & La North Riverside $574.7M Mid-City NB of Chicago
Jan 18, 1990 Gem City FS & La Quincy $290.4M Branch sale

Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.

Explore: all Illinois events · Illinois bank directory · all US bank failures · biggest failures by assets