Data / Bank failures / 2002 / Universal FSB
Universal FSB, Chicago, IL: failed June 27, 2002
Universal FSB in Chicago, Illinois, failed on June 27, 2002. Chicago Community Bank of Chicago, IL, took over its deposits. It held $51.6 million in assets and $40.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $274,452 (0.5% of its assets). By assets it was the 7th largest of 11 banks closed or assisted in 2002.
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The FDIC's record
- Closed
- June 27, 2002
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- Chicago Community Bank, Chicago, IL
- Total assets
- $51,628,000
- Total deposits
- $40,340,000
- Estimated cost to the FDIC
- $274,452 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- SAIF
- FDIC certificate
- 29355
Other bank failures in Illinois, 2000 to 2004
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Superior Bank, FSB | Hinsdale | July 27, 2001 | $1.77 billion | $1.61 billion | $286.7 million | Charter One Bank, FSB |
| National State Bank of Metropolis | Metropolis | December 14, 2000 | $90.4 million | $71.3 million | $2.7 million | Banterra Bank |
All bank failures in 2002 · 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.