Data / Bank failures / 1992 / Mayfair Bank
Mayfair Bank, Chicago, IL: failed June 4, 1992
Mayfair Bank in Chicago, Illinois, failed on June 4, 1992. Foster Bank of Chicago, IL, took over its deposits. It held $32.2 million in assets and $29.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.2 million (3.7% of its assets). By assets it was the 145th largest of 181 banks closed or assisted in 1992.
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The FDIC's record
- Closed
- June 4, 1992
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- Foster Bank, Chicago, IL
- Total assets
- $32,170,000
- Total deposits
- $29,707,000
- Estimated cost to the FDIC
- $1,204,731 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 26895
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 |
| 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 |
| 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 2026-10-24. 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.