Data / Bank failures / 1991 / Century Federal Savings
Century Federal Savings, Chicago, IL: failed May 3, 1991
Century Federal Savings in Chicago, Illinois, failed on May 3, 1991. Metropolitan B&TC of Chicago, IL, took over its deposits. It held $25.9 million in assets and $24.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.3 million (5.1% of its assets). By assets it was the 221st largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- May 3, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Metropolitan B&TC, Chicago, IL
- Total assets
- $25,857,000
- Total deposits
- $24,375,000
- Estimated cost to the FDIC
- $1,319,283 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 30370
Other bank failures in Illinois, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Eagle Bank of Champaign County, National A | Rantoul | July 1, 1993 | $20.2 million | $19.7 million | $678,661 | Busey Bank |
| 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 |
All bank failures in 1991 · All bank failures in Illinois · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.