# THE COSMOPOLITAN NATIONAL BANK OF CHICAGO

> **Failed bank** · CHICAGO, IL · failed 1991-05-17 · National commercial bank (OCC-chartered) · FDIC cost $15M

## What happened

THE COSMOPOLITAN NATIONAL BANK OF CHICAGO of CHICAGO, IL was closed by the OCC 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
- **Estimated FDIC DIF cost:** $15M
- **Deposits at failure:** $108M
- **Assets at failure:** $110M
- **Acquiring bank:** COSMOPOLITAN BANK AND TRUST (CHICAGO, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20COSMOPOLITAN%20NATIONAL%20BANK%20OF%20CHICAGO

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE COSMOPOLITAN NATIONAL BANK OF CHICAGO (FDIC ID 3104), failed 1991-05-17. Retrieved via AI Analytics 2026-05-21 from https://api.ai-analytics.org/failed-bank/3104.

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