Data / Bank failures / 1984 / United of America Bank
United of America Bank, Chicago, IL: failed April 26, 1984
United of America Bank in Chicago, Illinois, failed on April 26, 1984. Mid-City NB of Chicago of Chicago, IL, took over its deposits. It held $38.1 million in assets and $36.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $876,199 (2.3% of its assets). By assets it was the 40th largest of 106 banks closed or assisted in 1984.
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The FDIC's record
- Closed
- April 26, 1984
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- Mid-City NB of Chicago, Chicago, IL
- Total assets
- $38,145,000
- Total deposits
- $36,913,000
- Estimated cost to the FDIC
- $876,199 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 18527
Other bank failures in Illinois, 1982 to 1986
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First Savings of America | Orland Park | December 12, 1986 | $47 million | $56 million | ||
| Republic Savings Bank (assistance) | South Beloit | October 1, 1986 | $56.8 million | $60.3 million | $20.3 million | River Valley Savings Bank |
| Mendon State Bank | Mendon | August 20, 1986 | $18.9 million | $17.6 million | $8 million | First Midwest Bank Quinc |
| Central Illinois S&LA | Virden | July 25, 1986 | $47.6 million | $58.9 million | $18.7 million | |
| First American S&LA (assistance) | Benton | April 14, 1986 | $80.6 million | $73.5 million | $25.5 million | First Cook Bank for Savings |
| Glen Ellyn S&LA (assistance) | Glen Ellyn | September 20, 1985 | $122.1 million | $101.1 million | $18.5 million | Citicorp Savings of Illinoi |
| Citizens FS&LA (assistance) | Matteson | September 3, 1985 | $133.8 million | $133.5 million | $3 million | Republic Savings Bank, FSB |
| State Bank of Farmersville | Farmersville | August 9, 1985 | $12 million | $12.1 million | $2.2 million | Litchfield BANK&TRUST Co |
Other failed banks Mid-City NB of Chicago took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Clyde FS & La | North Riverside | IL | February 2, 1990 | $574.7 million | $563.7 million | $54.3 million | Mid-City NB of Chicago |
All bank failures in 1984 · 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.