UNITED SAVINGS OF AMERICA Failed 1991
What happened
UNITED SAVINGS OF AMERICA of CHICAGO, IL was closed on 1991-09-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NB OF CHICAGO (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3196
- FDIC Certificate
- 27962
- FDIC FIN
- 2129
- Bank name
- UNITED SAVINGS OF AMERICA
- Location
- CHICAGO, IL
- Failure date
- 1991-09-27
- FDIC resolution date
- 1991-09-27
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $64M
- Deposits at failure
- $1,068M
- Assets at failure
- $1,161M
- Acquiring bank
- FIRST NB OF CHICAGO (CHICAGO, IL)