CENTURY FEDERAL SAVINGS Failed 1991
What happened
CENTURY FEDERAL SAVINGS of CHICAGO, IL was closed on 1991-05-03. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to METROPOLITAN B&TC (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3083
- FDIC Certificate
- 30370
- FDIC FIN
- 2153
- Bank name
- CENTURY FEDERAL SAVINGS
- Location
- CHICAGO, IL
- Failure date
- 1991-05-03
- FDIC resolution date
- 1992-01-31
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $24M
- Assets at failure
- $26M
- Acquiring bank
- METROPOLITAN B&TC (CHICAGO, IL)