The Graveyard › Banks › 1981
South Side Bank
Chicago, IL · failed March 14, 1981 · FDIC certificate 20688
South Side Bank of Chicago, IL failed on March 14, 1981. It opened on May 1, 1972, 8 years before. At its last report before that it held $27.5 million in assets and $26.0 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $3.5 million on it.
Assets at the end$27.5 millionlast report before March 14, 1981
Deposits at the end$26.0 million
Estimated loss to the fund$3.5 millionFDIC
Also ended in 1981
- First Fs&La of Broward County · Ft. Lauderdale · $2.6 billion in assets · assisted
- West Side Fs&La · New York · $2.5 billion in assets · assisted
- The Greenwich Savings Bank · New York · $2.5 billion in assets · assisted
- Union Dime Savings Bank · New York · $1.5 billion in assets · assisted
- Washington Fs&La · Miami Beach · $1.2 billion in assets · assisted
- First Fs&La of Rochester · Rochester · $1.2 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.