HOME FEDERAL S & L ASSOC. Failed 1989
What happened
HOME FEDERAL S & L ASSOC. of MEMPHIS, TN was closed on 1989-07-20. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST COMMERCIAL BK AT MEMP (MEMPHIS, TN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2443
- FDIC Certificate
- 27978
- FDIC FIN
- 7066
- Bank name
- HOME FEDERAL S & L ASSOC.
- Location
- MEMPHIS, TN
- Failure date
- 1989-07-20
- FDIC resolution date
- 1990-06-15
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $20M
- Deposits at failure
- $164M
- Assets at failure
- $204M
- Acquiring bank
- FIRST COMMERCIAL BK AT MEMP (MEMPHIS, TN)