The Graveyard › Banks › 1991
United Savings of America
Chicago, IL · failed September 27, 1991 · FDIC certificate 27962
United Savings of America of Chicago, IL failed on September 27, 1991. It opened in 1887, 104 years before. At its last report before that it held $1.2 billion in assets and $1.1 billion in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1988, it held $1.4 billion. The FDIC estimates that the Resolution Trust Corporation lost $63.5 million on it.
1984-031991-06
Assets at the end$1.2 billionlast report before September 27, 1991
Deposits at the end$1.1 billion
Estimated loss to the fund$63.5 millionRTC
Largest in the quarterly reports$1.4 billionDecember 31, 1988
Equity to assets3.0%June 30, 1991
Loans not being repaid0.6%noncurrent, June 30, 1991
Return on assets-1.22%a year's rate, June 30, 1991
Staff367full time, June 30, 1991
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 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.