MIDWEST FED. S & L ASSOC. Failed 1989

What happened

MIDWEST FED. S & L ASSOC. of NEBRASKA CITY, NE was closed on 1989-02-17. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to AMERICAN NB (NEBRASKA CITY, NE). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2113

FDIC Certificate

29149

FDIC FIN

7013

Bank name

MIDWEST FED. S & L ASSOC.

Location

NEBRASKA CITY, NE

Failure date

1989-02-17

FDIC resolution date

1990-05-18

Charter type

SL

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$32M

Deposits at failure

$120M

Assets at failure

$139M

Acquiring bank

AMERICAN NB (NEBRASKA CITY, NE)