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
Jan 18, 1990 Frontier Federal Savings Bank Belleville $45.3M Union Bank of E. St. Louis
Jan 11, 1990 Horizon Savings Bank, FSB Wilmette $1.22B Branch sale
Jan 11, 1990 St. Charles FSA St. Charles $146.5M Old Kent Bank, N.A.
Dec 7, 1989 Arlington Heights Savings Assoc. Arlington Heights $509.1M Citibank FSB
Nov 9, 1989 Fidelity Federal Savings Assoc. Galesburg $393.8M First Bank, a SB
Nov 9, 1989 Crest Federal S & L Kankakee $137.1M Branch sale
Sep 7, 1989 Citizens S & La of Springfield Springfield $89.3M Magna Bank of Springfield
Aug 24, 1989 Heritage Savings Assoc. Jerseyville $32.9M Carrollton B&TC
Aug 17, 1989 Security FED. S & L Assoc. Peoria $318.3M First Financial Bank, FSB
Aug 17, 1989 Black Hawk S & L Assoc. Rock Island $71.8M American Bank of Rock Islan
Jul 20, 1989 Peoples S & L Assoc. Streator $46.3M Branch sale
Jun 29, 1989 Amerimac Savings Bank, FS Hillsboro $29.6M Security SB, FSB
Apr 6, 1989 Libertyville FED. S & L Assoc. Libertyville $101.0M Harris Bank Libertyville
Apr 6, 1989 First FED. Savings Bank East Alton $55.6M Illinois State B&T
Mar 16, 1989 Skokie FS & La Skokie $1.00B Affiliated BANK/NO. Shore N
Mar 16, 1989 Home Savings Fsla Joliet $140.6M First Midwest Bank/il, N.A.
Mar 16, 1989 Madison County FED. S & L Assoc. Granite City $132.2M First Bank of Illinois
Mar 16, 1989 Midwest Home FSB Belleville $123.6M UMB First NB
Mar 16, 1989 Midwestern Sa Macomb $110.7M Union NB of Macomb
Mar 16, 1989 Illinois Savings Bank Peoria $78.0M Heart of Il Bank, FSB
Mar 16, 1989 American Security FS & La Chicago $67.2M Marquette NB
Mar 16, 1989 Chillicothe FED. S & L Assoc. Chillicothe $51.0M Southside Trust & SB of Peo
Mar 16, 1989 Home FS & La of Centralia Centralia $47.6M Magna Bank of Centralia
Mar 16, 1989 First Savings of America FS & La Orland Park $23.5M St. Paul FB for Savings
Feb 24, 1989 Mid-State S&LA Champaign $28.4M —
Feb 17, 1989 Concordia Federal Bank for Savings Lansing $468.8M Advance FB for Savings
Nov 4, 1988 MT. Zion State Bank Mount Zion $26.4M Mount Zion State B&T Co
Feb 27, 1987 The Lewistown Bank Lewistown $15.3M National Bank of Canton
Feb 13, 1987 Life Savings of America Rockford $342.3M —
Jan 9, 1987 State Bank of Cuba Cuba $18.3M National Bank of Canton
Dec 12, 1986 First Savings of America Orland Park $47.0M —
Aug 20, 1986 Mendon State Bank Mendon $18.9M First Midwest Bank Quinc
Jul 25, 1986 Central Illinois S&LA Virden $47.6M —
Aug 9, 1985 State Bank of Farmersville Farmersville $12.0M Litchfield Bank&trust Co
Mar 15, 1985 Taylor State Bank Emington $5.0M First NB of Dwight
Dec 22, 1984 First Security Bank Sandwich $13.4M First NB of Sandwich
Jul 12, 1984 The Coffeen National Bank Coffeen $9.4M Coffeen State Bank
May 18, 1984 Washington Nat BK of Chicago Chicago $14.1M Banco Popular de Puerto
Apr 26, 1984 United of America Bank Chicago $38.1M Mid-City NB of Chicago
Feb 8, 1984 Heritage Bank of Bureau County Depue $8.7M Colonial T&SB of Bureau
Nov 25, 1983 Atkinson Trust & Savings Bank Atkinson $21.1M —
Aug 5, 1983 The First Nat BK of Danvers Danvers $12.5M First State Bank of Danv
Jul 8, 1983 Antioch S&LA Antioch $57.9M —
Jul 8, 1983 Union Nat BK of Chicago Chicago $26.3M —
Apr 29, 1983 First Nat BK of Oak Lawn Oak Lawn $130.3M Oak Lawn National Bank
Apr 8, 1983 The Ina State Bank Ina $17.7M First B&T Co Mt Vernon
Feb 12, 1983 American State Bank Bradley $14.1M Midwest T&SB of Bradley
Feb 3, 1983 Manning S&LA Chicago $78.7M —
Oct 8, 1982 Tri-State Bank Markham $16.3M —
Aug 27, 1982 Security BK & TR Company Cairo $12.0M First Bank&trust Co

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