NILE VALLEY FEDERAL S & L ASSOC. Failed 1989
What happened
NILE VALLEY FEDERAL S & L ASSOC. of SCOTTSBLUFF, 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 FIRST NB&TC OF NORTH PLATTE (NORTH PLATTE, NE). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2120
- FDIC Certificate
- 30522
- FDIC FIN
- 6917
- Bank name
- NILE VALLEY FEDERAL S & L ASSOC.
- Location
- SCOTTSBLUFF, NE
- Failure date
- 1989-02-17
- FDIC resolution date
- 1989-09-15
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $39M
- Deposits at failure
- $64M
- Assets at failure
- $56M
- Acquiring bank
- FIRST NB&TC OF NORTH PLATTE (NORTH PLATTE, NE)
Other banks FIRST NB&TC OF NORTH PLATTE acquired in FDIC resolutions