FINANCIAL FEDERAL SA Failed 1989
What happened
FINANCIAL FEDERAL SA of JOPLIN, MO was closed on 1989-04-06. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FARM & HOME SA (KANSAS CITY, MO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2324
- FDIC Certificate
- 29458
- FDIC FIN
- 6967
- Bank name
- FINANCIAL FEDERAL SA
- Location
- JOPLIN, MO
- Failure date
- 1989-04-06
- FDIC resolution date
- 1990-04-27
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $45M
- Deposits at failure
- $173M
- Assets at failure
- $161M
- Acquiring bank
- FARM & HOME SA (KANSAS CITY, MO)
Other banks FARM & HOME SA acquired in FDIC resolutions