The Graveyard › Banks › 2002
Universal FSB
Chicago, IL · failed June 27, 2002 · FDIC certificate 29355
Universal FSB of Chicago, IL failed on June 27, 2002. It opened in 1923, 79 years before. At its last report before that it held $51.6 million in assets and $40.3 million in deposits. The FDIC estimates that the Savings Association Insurance Fund lost $274,452 on it.
1984-032002-03
Assets at the end$51.6 millionlast report before June 27, 2002
Deposits at the end$40.3 million
Estimated loss to the fund$274,452SAIF
Largest in the quarterly reports$51.6 millionMarch 31, 2002
Equity to assets10.3%March 31, 2002
Loans not being repaid0.6%noncurrent, March 31, 2002
Return on assets0.75%a year's rate, March 31, 2002
Staff15full time, March 31, 2002
Also ended in 2002
- Hamilton Bank, National Association · Miami, FL · $1.4 billion in assets
- Nextbank · Phoenix, AZ · $700.2 million in assets
- Connecticut Bank of Commerce · Stamford, CT · $384.2 million in assets
- AmTrade International Bank of Georgia · Atlanta, GA · $92.1 million in assets
- Oakwood Deposit Bank · Oakwood, OH · $72.3 million in assets
- The Bank of Alamo · Alamo, TN · $58.5 million 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.