FIRST FEDERAL SAVINGS/HUTCHINSON Failed 1989
What happened
FIRST FEDERAL SAVINGS/HUTCHINSON of HUTCHINSON, KS was closed on 1989-03-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNION NB (WICHITA, KS). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2144
- FDIC Certificate
- 29305
- FDIC FIN
- 6964
- Bank name
- FIRST FEDERAL SAVINGS/HUTCHINSON
- Location
- HUTCHINSON, KS
- Failure date
- 1989-03-02
- FDIC resolution date
- 1990-04-20
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $75M
- Deposits at failure
- $172M
- Assets at failure
- $184M
- Acquiring bank
- UNION NB (WICHITA, KS)