BALDWIN COUNTY FED. SAVINGS BANK Failed 1989
What happened
BALDWIN COUNTY FED. SAVINGS BANK of ROBERTSDALE, AL was closed on 1989-03-30. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST ALABAMA BANK (MONTGOMERY, AL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2298
- FDIC Certificate
- 28071
- FDIC FIN
- 7124
- Bank name
- BALDWIN COUNTY FED. SAVINGS BANK
- Location
- ROBERTSDALE, AL
- Failure date
- 1989-03-30
- FDIC resolution date
- 1990-08-10
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $7M
- Deposits at failure
- $157M
- Assets at failure
- $171M
- Acquiring bank
- FIRST ALABAMA BANK (MONTGOMERY, AL)
Other banks FIRST ALABAMA BANK acquired in FDIC resolutions