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What happened to Century Federal Savings Bank?
Century Federal Savings Bank in Chicago, IL (earlier called Century Savings and Loan Association) failed, and Century Federal Savings Bank, FSB of Chicago, IL took it over on May 3, 1991. After 3 more changes of hands, what was Century Federal Savings Bank is today part of Byline Bank (Chicago, IL).
The chain, step by step
From the day it opened to the bank at the end of the chain today. Each step is one entry in the FDIC's record.
- 1926Century Savings and Loan Association opens in Chicago, IL
- Sep 30, 1984renamed Century Federal Savings Bank
- May 3, 1991FAILEDCentury Federal Savings Bank failed, and Century Federal Savings Bank, FSB of Chicago, IL took it over.FDIC certificate 30370 ends; its business continues under certificate 33398.
- Jan 31, 1992RESOLVEDCentury Federal Savings Bank, FSB of Chicago, IL was closed in a federal resolution, and its business passed to Metropolitan Bank and Trust Company of Chicago, IL.FDIC certificate 33398 ends; its business continues under certificate 912.
- Mar 30, 2011MERGEDMetropolitan Bank and Trust Company of Chicago, IL merged into Metrobank of Berwyn, IL.FDIC certificate 912 ends; its business continues under certificate 16641.
- Jun 28, 2013MERGEDMetrobank of Berwyn, IL merged into North Community Bank of Chicago, IL.FDIC certificate 16641 ends; its business continues under certificate 20624.
- TodayOPEN
Byline BankMain office Chicago, IL · FDIC certificate 20624 · 48 offices in 2 states on June 30, 2026Every Byline Bank office → Website on file with the FDIC: www.bylinebank.com
If you still have something from Century Federal Savings Bank
A lien that was never released
Century Federal Savings Bank failed on May 3, 1991, handled by the Resolution Trust Corporation, the agency that closed failed savings institutions from 1989 to 1995. The FDIC's lien-release page covers failed banks and savings and loans placed in FDIC receivership; it does not say how releases work for resolutions this old.
Call FDIC Resolution Inquiries at 888-206-4662 (8am–4pm Central, weekdays) and ask whether the FDIC holds this institution's receivership. Ask Byline Bank as well: the chain above leads there. The FDIC's own instructions are at FDIC, Obtaining a Lien Release.
An old account, passbook or CD
When a healthy bank assumes a failed bank's deposits, insured depositors become its customers right away (here, Century Federal Savings Bank, FSB). Start with Byline Bank, and ask them to search under the name Century Federal Savings Bank.
This failure is older than the current federal rule on unclaimed deposits (mid-1993), so different rules apply. Search FDIC unclaimed funds search, search the unclaimed-property program of the state of the owner's last known address on the bank's records, and ask FDIC Resolution Inquiries at 888-206-4662 what applies to this institution.
A safe deposit box
The FDIC says that when a healthy bank assumes a failed bank's deposits, the branches usually reopen the next business day with box access. Today, ask Byline Bank. A box abandoned for years may have been turned over to the state's unclaimed-property program.
Box contents are not covered by FDIC insurance.
Not sure this is your bank?
Many banks shared a name. Match the city and the years above against your paperwork, or search again with the town.
Credit unions were never FDIC-insured and are not in this record; the NCUA credit union lookup covers those. Banks that closed before about 1970 are not in the FDIC's list either.
One caution: banks also sell single branches. If the office you used was sold to a different bank along the way, the account went with the branch, not with this chain.
This page is drawn from FDIC records and federal guidance. It is not legal advice, and BankBranches is not a bank or a government office. More detail: lien releases · old passbooks and CDs · safe deposit boxes · unclaimed money.
Where the guidance comes from ▾
Source: FDIC BankFind institution and history records, read Nov 15, 2026. The FDIC's list covers banks that ended in about 1970 or later. Look up certificate 30370 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.