Data / Bank failures / 1990 / Bank USA, Federal Association
Bank USA, Federal Association, Silvis, IL: failed May 25, 1990
Bank USA, Federal Association in Silvis, Illinois, failed on May 25, 1990. Metrobank of East Moline, IL, took over its deposits. It held $22.9 million in assets and $20.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $-432,710 (-1.9% of its assets). By assets it was the 302nd largest of 382 banks closed or assisted in 1990.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- May 25, 1990
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- Metrobank, East Moline, IL
- Total assets
- $22,853,000
- Total deposits
- $20,859,000
- Estimated cost to the FDIC
- $-432,710 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 31938
Other bank failures in Illinois, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Irving FB for Savings | Chicago | November 20, 1992 | $247 million | $246.3 million | $4.6 million | |
| Republic FSB | Matteson | June 5, 1992 | $290.3 million | $264.2 million | $79 | Regency SB, FSB |
| Mayfair Bank | Chicago | June 4, 1992 | $32.2 million | $29.7 million | $1.2 million | Foster Bank |
| Lemont Fsa | Lemont | February 28, 1992 | $193.7 million | $188.8 million | $53 million | |
| Kempton State Bank | Kempton | February 7, 1992 | $3.6 million | $3.6 million | $564,121 | Vermilion Valley Bank |
| Western FS & La | Clenview | November 22, 1991 | $33.2 million | $26.4 million | $1.8 million | Devon Bank |
| United Savings of America | Chicago | September 27, 1991 | $1.16 billion | $1.07 billion | $63.5 million | First NB of Chicago |
| First Bank and Trust (assistance) | Harrisburg | September 16, 1991 | $26.6 million | $26.2 million | $626,895 | First Bank and Trust |
All bank failures in 1990 · All bank failures in Illinois · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.