# FIRST FINANCIAL SB

> **Failed bank** · DES MOINES, IA · failed 1988-12-28 · SL · FDIC cost $86M

## What happened

FIRST FINANCIAL SB of DES MOINES, IA was closed by state regulators on **1988-12-28**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **METROPOLITAN FEDERAL BANK O** (MASON CITY, IA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2039
- **FDIC Certificate:** 31244
- **FDIC FIN:** 1781
- **Bank name:** FIRST FINANCIAL SB
- **Location:** DES MOINES, IA
- **Failure date:** 1988-12-28
- **FDIC resolution date:** 1988-12-28
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $86M
- **Deposits at failure:** $211M
- **Assets at failure:** $263M
- **Acquiring bank:** METROPOLITAN FEDERAL BANK O (MASON CITY, IA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FINANCIAL SB (FDIC ID 2039), failed 1988-12-28. Retrieved via AI Analytics 2026-09-05 from https://api.ai-analytics.org/failed-bank/2039.

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