Bank Failure
Tri-State Bank
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Closed October 8, 1982 · Markham, IL · FDIC Cert #18505.
- Closing date
- October 8, 1982
- Headquarters
- Markham, IL
- FDIC Certificate
- 18505
- Total assets at closing
- $16.3M
- Total deposits at closing
- $16.0M
- 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 October 8, 1982, regulators closed Tri-State Bank, headquartered in Markham, IL. At closing, the institution held approximately $16.3M in assets and $16.0M in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 2487th largest of the 3,526 bank failures in the FDIC record, and the 16th of 34 in 1982. 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 Tri-State Bank fail?
Tri-State Bank was closed by regulators on October 8, 1982.
How big was Tri-State Bank when it failed?
Tri-State Bank had approximately $16.3M in total assets and $16.0M in deposits at the time of failure.
Other failures in 1982
| Date | Bank | Assets |
|---|---|---|
| Dec 16, 1982 | The Security State Bank | $11.6M |
| Dec 10, 1982 | Bollinger County Bank | $15.9M |
| Nov 19, 1982 | North Kansas Sa | $36.5M |
| Nov 19, 1982 | Ranchlander National Bank | $4.3M |
| Nov 12, 1982 | Bank of Quitman | $17.4M |
| Nov 5, 1982 | The First National Bank of South Charlesto | $28.6M |
| Nov 5, 1982 | Texas BK of Amarillo | $13.1M |
| Nov 2, 1982 | Cedar Bluff Bank | $13.7M |
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