FIRST FEDERAL SAVINGS BANK Failed 1988
What happened
FIRST FEDERAL SAVINGS BANK of WATERLOO, IA was closed on 1988-03-11. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to STATESMAN BANK FOR SVG FSB (WATERLOO, IA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1645
- FDIC Certificate
- 28766
- FDIC FIN
- 1724
- Bank name
- FIRST FEDERAL SAVINGS BANK
- Location
- WATERLOO, IA
- Failure date
- 1988-03-11
- FDIC resolution date
- 1988-03-11
- Charter type
- Savings bank
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $82M
- Deposits at failure
- $174M
- Assets at failure
- $152M
- Acquiring bank
- STATESMAN BANK FOR SVG FSB (WATERLOO, IA)
Other banks STATESMAN BANK FOR SVG FSB acquired in FDIC resolutions