FIRST DEARBORN Failed 1988
What happened
FIRST DEARBORN of DEARBORN, MI was closed on 1988-12-16. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to FIRST NATIONWIDE BANK A FSB (SAN FRANCISCO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2013
- FDIC Certificate
- 29556
- FDIC FIN
- 1770
- Bank name
- FIRST DEARBORN
- Location
- DEARBORN, MI
- Failure date
- 1988-12-16
- FDIC resolution date
- 1988-12-16
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $79M
- Deposits at failure
- $230M
- Assets at failure
- $167M
- Acquiring bank
- FIRST NATIONWIDE BANK A FSB (SAN FRANCISCO, CA)
Other banks FIRST NATIONWIDE BANK A FSB acquired in FDIC resolutions