Data / Bank failures / 1991 / The Cosmopolitan National Bank of Chicago
The Cosmopolitan National Bank of Chicago, Chicago, IL: failed May 17, 1991
The Cosmopolitan National Bank of Chicago in Chicago, Illinois, failed on May 17, 1991. Cosmopolitan Bank and Trust of Chicago, IL, took over its deposits. It held $110.1 million in assets and $108.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $14.9 million (13.5% of its assets). By assets it was the 121st largest of 271 banks closed or assisted in 1991.
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 17, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Cosmopolitan Bank and Trust, Chicago, IL
- Total assets
- $110,088,000
- Total deposits
- $108,468,000
- Estimated cost to the FDIC
- $14,869,986 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- BIF
- FDIC certificate
- 15404
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 2026-10-23. 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.