# CENTURY FEDERAL SAVINGS

> **Failed bank** · CHICAGO, IL · failed 1991-05-03 · Savings bank · FDIC cost $1M

## What happened

CENTURY FEDERAL SAVINGS of CHICAGO, IL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $24M
- **Assets at failure:** $26M
- **Acquiring bank:** METROPOLITAN B&TC (CHICAGO, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CENTURY%20FEDERAL%20SAVINGS

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CENTURY FEDERAL SAVINGS (FDIC ID 3083), failed 1991-05-03. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3083.

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