# EQUITABLE FEDERAL SAVINGS BANK

> **Failed bank** · FREMONT, NE · failed 1989-02-17 · Savings bank · FDIC cost $29M

## What happened

EQUITABLE FEDERAL SAVINGS BANK of FREMONT, NE was closed by state regulators 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
- **Estimated FDIC DIF cost:** $29M
- **Deposits at failure:** $205M
- **Assets at failure:** $225M
- **Acquiring bank:** FIRSTIER BANK, NA, OMAHA (OMAHA, NE)

## Other banks FIRSTIER BANK, NA, OMAHA has acquired in FDIC resolutions

- OCCIDENTAL/NEBRASKA FSB (OMAHA, NE) — failed 1989-02-17 — /failed-bank/2119

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=EQUITABLE%20FEDERAL%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, EQUITABLE FEDERAL SAVINGS BANK (FDIC ID 2116), failed 1989-02-17. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2116.

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