Data / Bank failures / 1990 / Clyde FS & La
Clyde FS & La, North Riverside, IL: failed February 2, 1990
Clyde FS & La in North Riverside, Illinois, failed on February 2, 1990. Mid-City NB of Chicago of Chicago, IL, took over its deposits. It held $574.7 million in assets and $563.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $54.3 million (9.4% of its assets). By assets it was the 42nd largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- February 2, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Mid-City NB of Chicago, Chicago, IL
- Total assets
- $574,684,000
- Total deposits
- $563,728,000
- Estimated cost to the FDIC
- $54,302,219 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 29470
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 |
Other failed banks Mid-City NB of Chicago took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| United of America Bank | Chicago | IL | April 26, 1984 | $38.1 million | $36.9 million | $876,199 | Mid-City NB of Chicago |
All bank failures in 1990 · All bank failures in Illinois · Every failed bank Mid-City NB of Chicago took over · 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.