# CLYDE FS & LA

> **Failed bank** · NORTH RIVERSIDE, IL · failed 1990-02-02 · SL · FDIC cost $54M

## What happened

CLYDE FS & LA of NORTH RIVERSIDE, IL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- UNITED OF AMERICA BANK (CHICAGO, IL) — failed 1984-04-26 — /failed-bank/867

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CLYDE%20FS%20%26%20LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CLYDE FS & LA (FDIC ID 2643), failed 1990-02-02. Retrieved via AI Analytics 2026-07-08 from https://api.ai-analytics.org/failed-bank/2643.

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