# FIRST FEDERAL SAVINGS/HUTCHINSON

> **Failed bank** · HUTCHINSON, KS · failed 1989-03-02 · SL · FDIC cost $75M

## What happened

FIRST FEDERAL SAVINGS/HUTCHINSON of HUTCHINSON, KS was closed by state regulators 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
- **Estimated FDIC DIF cost:** $75M
- **Deposits at failure:** $172M
- **Assets at failure:** $184M
- **Acquiring bank:** UNION NB (WICHITA, KS)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20FEDERAL%20SAVINGS%2FHUTCHINSON

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FEDERAL SAVINGS/HUTCHINSON (FDIC ID 2144), failed 1989-03-02. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/2144.

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