Bank failure · IL
Century Federal Savings (Chicago, IL) — failed May 3, 1991
Century Federal Savings of Chicago, Illinois was closed on May 3, 1991 and resolved through a purchase and assumption. Metropolitan B&tc (IL) took over its insured deposits. At failure it held $25.9M in assets and $24.4M in deposits. The FDIC's estimated loss on the failure is $1.3M (5.1% of assets).
- Closing date
- May 3, 1991
- FDIC certificate #
- 30370
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Metropolitan B&tc
- Insurance fund
- RTC
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