# FIRST FEDERAL BANK OF ALASKA

> **Failed bank** · ANCHORAGE, AK · failed 1989-03-02 · Savings bank · FDIC cost $134M

## What happened

FIRST FEDERAL BANK OF ALASKA of ANCHORAGE, AK 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 **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
- **Estimated FDIC DIF cost:** $134M
- **Deposits at failure:** $192M
- **Assets at failure:** $138M
- **Acquiring bank:** FIRST NB OF ANCHORAGE (ANCHORAGE, AK)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FEDERAL BANK OF ALASKA (FDIC ID 2148), failed 1989-03-02. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/2148.

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