EQUITABLE FEDERAL SAVINGS BANK Failed 1989
What happened
EQUITABLE FEDERAL SAVINGS BANK of FREMONT, NE was closed on 1989-02-17. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRSTIER BANK, NA, OMAHA (OMAHA, NE). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2116
- FDIC Certificate
- 29936
- FDIC FIN
- 7223
- Bank name
- EQUITABLE FEDERAL SAVINGS BANK
- Location
- FREMONT, NE
- Failure date
- 1989-02-17
- FDIC resolution date
- 1990-11-16
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $29M
- Deposits at failure
- $205M
- Assets at failure
- $225M
- Acquiring bank
- FIRSTIER BANK, NA, OMAHA (OMAHA, NE)
Other banks FIRSTIER BANK, NA, OMAHA acquired in FDIC resolutions