# FIRST DEARBORN

> **Failed bank** · DEARBORN, MI · failed 1988-12-16 · SL · FDIC cost $79M

## What happened

FIRST DEARBORN of DEARBORN, MI was closed by state regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- BLOOMFIELD S&LA (BIRMINGHAM, MI) — failed 1988-12-16 — /failed-bank/2015
- ST. LOUIS FS&LA (CLAYTON, MO) — failed 1986-12-22 — /failed-bank/1329

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20DEARBORN

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST DEARBORN (FDIC ID 2013), failed 1988-12-16. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2013.

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