BROADVIEW SAVINGS BANK Failed 1989
What happened
BROADVIEW SAVINGS BANK of CLEVELAND, OH 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 FSB (CLEVELAND, OH). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2299
- FDIC Certificate
- 28493
- FDIC FIN
- 7010
- Bank name
- BROADVIEW SAVINGS BANK
- Location
- CLEVELAND, OH
- Failure date
- 1989-03-30
- FDIC resolution date
- 1990-05-18
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $95M
- Deposits at failure
- $1,137M
- Assets at failure
- $1,778M
- Acquiring bank
- FIRST FSB (CLEVELAND, OH)
Other banks FIRST FSB acquired in FDIC resolutions