FIRST FEDERAL SAVINGS BANK Failed 1988
What happened
FIRST FEDERAL SAVINGS BANK of SHENADOAH, IA was closed on 1988-08-11. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to FIRST FS&LA OF LINCOLN-IOWA (COUNCIL BLUFFS, IA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1856
- FDIC Certificate
- 29050
- FDIC FIN
- 1740
- Bank name
- FIRST FEDERAL SAVINGS BANK
- Location
- SHENADOAH, IA
- Failure date
- 1988-08-11
- FDIC resolution date
- 1988-08-11
- Charter type
- Savings bank
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $23M
- Assets at failure
- $21M
- Acquiring bank
- FIRST FS&LA OF LINCOLN-IOWA (COUNCIL BLUFFS, IA)
Other banks FIRST FS&LA OF LINCOLN-IOWA acquired in FDIC resolutions