# HOME FEDERAL S & L ASSOC.

> **Failed bank** · MEMPHIS, TN · failed 1989-07-20 · SL · FDIC cost $20M

## What happened

HOME FEDERAL S & L ASSOC. of MEMPHIS, TN was closed by state regulators 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
- **Estimated FDIC DIF cost:** $20M
- **Deposits at failure:** $164M
- **Assets at failure:** $204M
- **Acquiring bank:** FIRST COMMERCIAL BK AT MEMP (MEMPHIS, TN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=HOME%20FEDERAL%20S%20%26%20L%20ASSOC.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, HOME FEDERAL S & L ASSOC. (FDIC ID 2443), failed 1989-07-20. Retrieved via AI Analytics 2026-07-01 from https://api.ai-analytics.org/failed-bank/2443.

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