FAMILY FEDERAL SAVINGS Failed 1990
What happened
FAMILY FEDERAL SAVINGS of DALLAS, OR was closed on 1990-01-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to WASHINGTON FS&LA (SEATTLE, WA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2607
- FDIC Certificate
- 28863
- FDIC FIN
- 7097
- Bank name
- FAMILY FEDERAL SAVINGS
- Location
- DALLAS, OR
- Failure date
- 1990-01-11
- FDIC resolution date
- 1990-06-22
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $101M
- Assets at failure
- $164M
- Acquiring bank
- WASHINGTON FS&LA (SEATTLE, WA)
Other banks WASHINGTON FS&LA acquired in FDIC resolutions