FIRST FEDERATED SAVINGS BANK Failed 1988
What happened
FIRST FEDERATED SAVINGS BANK of N. PALM BEACH, FL 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
- 1649
- FDIC Certificate
- 31371
- FDIC FIN
- 1724
- Bank name
- FIRST FEDERATED SAVINGS BANK
- Location
- N. PALM BEACH, FL
- Failure date
- 1988-03-11
- FDIC resolution date
- 1988-03-11
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $91M
- Deposits at failure
- $155M
- Assets at failure
- $142M
- Acquiring bank
- STATESMAN BANK FOR SVG FSB (WATERLOO, IA)
Other banks STATESMAN BANK FOR SVG FSB acquired in FDIC resolutions