THE COSMOPOLITAN NATIONAL BANK OF CHICAGO Failed 1991

CHICAGO, IL · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

THE COSMOPOLITAN NATIONAL BANK OF CHICAGO of CHICAGO, IL was closed on 1991-05-17. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to COSMOPOLITAN BANK AND TRUST (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3104
FDIC Certificate
15404
FDIC FIN
4357
Bank name
THE COSMOPOLITAN NATIONAL BANK OF CHICAGO
Location
CHICAGO, IL
Failure date
1991-05-17
FDIC resolution date
1991-05-17
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$15M
Deposits at failure
$108M
Assets at failure
$110M
Acquiring bank
COSMOPOLITAN BANK AND TRUST (CHICAGO, IL)