FIRST FEDERAL BANK OF ALASKA Failed 1989
What happened
FIRST FEDERAL BANK OF ALASKA of ANCHORAGE, AK was closed on 1989-03-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NB OF ANCHORAGE (ANCHORAGE, AK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2148
- FDIC Certificate
- 30856
- FDIC FIN
- 6948
- Bank name
- FIRST FEDERAL BANK OF ALASKA
- Location
- ANCHORAGE, AK
- Failure date
- 1989-03-02
- FDIC resolution date
- 1990-01-12
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $134M
- Deposits at failure
- $192M
- Assets at failure
- $138M
- Acquiring bank
- FIRST NB OF ANCHORAGE (ANCHORAGE, AK)