Bank failure · IL

Mayfair Bank (Chicago, IL) — failed June 4, 1992

Mayfair Bank of Chicago, Illinois was closed on June 4, 1992 and resolved through a purchase and assumption (insured deposits). Foster Bank (IL) took over its insured deposits. At failure it held $32.2M in assets and $29.7M in deposits. The FDIC's estimated loss on the failure is $1.2M (3.7% of assets).