South Side Bank was a state member bank in Chicago, IL. It failed on Mar 14, 1981, and Drexel National Bank took over its deposits. At its last report it held $27.5 million in assets.
Updated Oct 11, 2026
This bank failed
- Failed on
- Mar 14, 1981
- Assets
- $27.5M
- Deposits
- $26.0M
- Estimated cost
- $3.5M
- Deposits went to
- Drexel National Bank, Chicago, IL
Data is being prepared
The quarterly numbers of this bank appear here as soon as their first load is finished.
Facts
- Type
- State member bank
- Head office
- 4659 Cottage Grove Avenue, Chicago, IL, 60653
- County
- Cook
- Established
- May 1, 1972
- Failed
- Mar 16, 1981
- Id
- b20688
Related pages
Questions and answers
When did South Side Bank fail?
Mar 14, 1981. Drexel National Bank of Chicago, IL took over its deposits. The estimated cost of the failure was $3.51 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.