FIRST FED. SAVINGS ASSOC. OF YORK Failed 1990
What happened
FIRST FED. SAVINGS ASSOC. OF YORK of YORK, NE was closed on 1990-01-18. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST TRUST COMPANY OF YORK (YORK, NE). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2620
- FDIC Certificate
- 30855
- FDIC FIN
- 7082
- Bank name
- FIRST FED. SAVINGS ASSOC. OF YORK
- Location
- YORK, NE
- Failure date
- 1990-01-18
- FDIC resolution date
- 1990-06-22
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $55M
- Assets at failure
- $60M
- Acquiring bank
- FIRST TRUST COMPANY OF YORK (YORK, NE)