FIRST BORDER SB Failed 1988

What happened

FIRST BORDER SB of PIQUA, OH was closed on 1988-12-17. The FDIC was named receiver.

Resolution: A/A

Deposits were transferred to WORLD S&LA OF OHIO (PIQUA, OH). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2018

FDIC Certificate

30666

FDIC FIN

1769

Bank name

FIRST BORDER SB

Location

PIQUA, OH

Failure date

1988-12-17

FDIC resolution date

1988-12-17

Charter type

SL

Resolution type

A/A

FDIC DIF cost (est.)

$20M

Deposits at failure

$107M

Assets at failure

$111M

Acquiring bank

WORLD S&LA OF OHIO (PIQUA, OH)