UNIVERSAL FSB Failed 2002
What happened
UNIVERSAL FSB of CHICAGO, IL was closed on 2002-06-27. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to CHICAGO COMMUNITY BANK (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3542
- FDIC Certificate
- 29355
- FDIC FIN
- 6005
- Bank name
- UNIVERSAL FSB
- Location
- CHICAGO, IL
- Failure date
- 2002-06-27
- FDIC resolution date
- 2002-06-27
- Charter type
- Savings bank
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $40M
- Assets at failure
- $52M
- Acquiring bank
- CHICAGO COMMUNITY BANK (CHICAGO, IL)