Data / Bank failures / 1992 / Irving FB for Savings
Irving FB for Savings, Chicago, IL: failed November 20, 1992
Irving FB for Savings in Chicago, Illinois, failed on November 20, 1992. It held $247 million in assets and $246.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $4.6 million (1.9% of its assets). By assets it was the 54th largest of 181 banks closed or assisted in 1992.
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The FDIC's record
- Closed
- November 20, 1992
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- None, NA
- Total assets
- $246,965,000
- Total deposits
- $246,268,000
- Estimated cost to the FDIC
- $4,589,075 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 27660
Other bank failures in Illinois, 1990 to 1994
| 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 |
| 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 1992 · 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.