Failed Bank List

Closed Friday, January 17, 2025 · Chicago, Cook County, Illinois

Pulaski Savings Bank

Founded in 1890, Pulaski Savings Bank had been in business 135 years, the eighth-longest run among the failures since 2000 with a known founding date. No bank in Illinois had failed for seven years, since Washington Federal Bank for Savings closed in 2017. The estimated loss came to 64% of Pulaski Savings Bank's assets, one of the 30 highest ratios among the 583 failures since 2000.

On the books, 2016 to 2024

Total assets and equity capital each quarter before closing, and the estimated lossTotal assetsEquity capitalEstimated loss$0$15M$30M$45M$60M20172018201920202021202220232024Closed
Total assets peaked at $53.2 million in the third quarter of 2022 and were 7% lower at the final report. Equity capital stayed close to 10% of assets from the fourth quarter of 2016 to the last report. It reported a net loss in four of its final nine reporting years. The deepest annual loss, $580 thousand, was booked in 2017.
Net income in each reporting year before closing, with equity capital as a share of assets at year endNet income per yearEquity to assets at year end$1M−$1M2016: −$334 thousand201610%2017: −$580 thousand20179.0%2018: −$412 thousand20187.3%2019: $59 thousand20197.5%2020: $179 thousand20207.4%2021: $752 thousand20219.0%2022: $864 thousand202210%2023: $267 thousand202311%2024: −$218 thousand2024*10%
* 2024: January to September only, the last report before closing.

Size and cost in context

Only one other bank failed in 2025: The Santa Anna National Bank of Santa Anna, Texas, larger at $76.9 million. Within Illinois it ranks 108th by size of the 185 failures recorded since 1934.

Failures in Illinois

The next was Metropolitan Capital Bank & Trust of Chicago, on January 30, 2026. Cook County has 77 failed banks on FDIC record since 1934. Closest in time: Highland Community Bank (2015), Edgebrook Bank (2015), Seaway Bank and Trust Company (2017), Washington Federal Bank for Savings (2017), Metropolitan Capital Bank & Trust (2026).

Bank failures in Illinois per year, 1980 to 2026061218241980: 11981: 31982: 61983: 81984: 51985: 21986: 31987: 31988: 11989: 231990: 181991: 81992: 51993: 12000: 12001: 12002: 12008: 12009: 212010: 162011: 92012: 82013: 12014: 52015: 22017: 32025: 12026: 119801990200020102020
Per year since 1980, 2025 in red. Every Illinois failure

FDIC certificate 28611 · loss estimate as of July 31, 2026 · How to read this page