UNITED OF AMERICA BANK Failed 1984
What happened
UNITED OF AMERICA BANK of CHICAGO, IL was closed on 1984-04-26. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to MID-CITY NB OF CHICAGO (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 867
- FDIC Certificate
- 18527
- FDIC FIN
- 6471
- Bank name
- UNITED OF AMERICA BANK
- Location
- CHICAGO, IL
- Failure date
- 1984-04-26
- FDIC resolution date
- 1984-04-26
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $37M
- Assets at failure
- $38M
- Acquiring bank
- MID-CITY NB OF CHICAGO (CHICAGO, IL)
Other banks MID-CITY NB OF CHICAGO acquired in FDIC resolutions