Bank failure · IL

United of America Bank (Chicago, IL) — failed April 26, 1984

United of America Bank of Chicago, Illinois was closed on April 26, 1984 and resolved through a insured deposit transfer. Mid-City Nb of Chicago (IL) took over its insured deposits. At failure it held $38.1M in assets and $36.9M in deposits. The FDIC's estimated loss on the failure is $876K (2.3% of assets).