Bank failure · IL
United Savings of America (Chicago, IL) — failed September 27, 1991
United Savings of America of Chicago, Illinois was closed on September 27, 1991 and resolved through a purchase and assumption. First Nb of Chicago (IL) took over its insured deposits. At failure it held $1.2B in assets and $1.1B in deposits. The FDIC's estimated loss on the failure is $63.5M (5.5% of assets).
- Closing date
- September 27, 1991
- FDIC certificate #
- 27962
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Nb of Chicago
- Insurance fund
- RTC
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