CLYDE FS & LA Failed 1990
What happened
CLYDE FS & LA of NORTH RIVERSIDE, IL was closed on 1990-02-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to MID-CITY NB OF CHICAGO (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2643
- FDIC Certificate
- 29470
- FDIC FIN
- 7297
- Bank name
- CLYDE FS & LA
- Location
- NORTH RIVERSIDE, IL
- Failure date
- 1990-02-02
- FDIC resolution date
- 1991-05-31
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $54M
- Deposits at failure
- $564M
- Assets at failure
- $575M
- Acquiring bank
- MID-CITY NB OF CHICAGO (CHICAGO, IL)
Other banks MID-CITY NB OF CHICAGO acquired in FDIC resolutions