MAYFAIR BANK Failed 1992
What happened
MAYFAIR BANK of CHICAGO, IL was closed on 1992-06-04. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to FOSTER BANK (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3332
- FDIC Certificate
- 26895
- FDIC FIN
- 4494
- Bank name
- MAYFAIR BANK
- Location
- CHICAGO, IL
- Failure date
- 1992-06-04
- FDIC resolution date
- 1992-06-04
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $30M
- Assets at failure
- $32M
- Acquiring bank
- FOSTER BANK (CHICAGO, IL)