UNIPOINT FED. SAVINGS BANK Failed 1989
What happened
UNIPOINT FED. SAVINGS BANK of TRUMANN, AR was closed on 1989-03-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNICO BANK, FSB (TRUMANN, AK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2162
- FDIC Certificate
- 31933
- FDIC FIN
- 7087
- Bank name
- UNIPOINT FED. SAVINGS BANK
- Location
- TRUMANN, AR
- Failure date
- 1989-03-02
- FDIC resolution date
- 1990-06-22
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $18M
- Deposits at failure
- $28M
- Assets at failure
- $19M
- Acquiring bank
- UNICO BANK, FSB (TRUMANN, AK)