# UNIVERSAL FSB

> **Failed bank** · CHICAGO, IL · failed 2002-06-27 · Savings bank · FDIC cost $0M

## What happened

UNIVERSAL FSB of CHICAGO, IL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $40M
- **Assets at failure:** $52M
- **Acquiring bank:** CHICAGO COMMUNITY BANK (CHICAGO, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=UNIVERSAL%20FSB

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, UNIVERSAL FSB (FDIC ID 3542), failed 2002-06-27. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/3542.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*