FIRST SAVINGS ASSOC. Failed 1990
What happened
FIRST SAVINGS ASSOC. of BISMARK, ND was closed on 1990-01-26. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to METROPOLITAN FB, FSB (FARGO, ND). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2631
- FDIC Certificate
- 28929
- FDIC FIN
- 7183
- Bank name
- FIRST SAVINGS ASSOC.
- Location
- BISMARK, ND
- Failure date
- 1990-01-26
- FDIC resolution date
- 1990-09-21
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $17M
- Deposits at failure
- $101M
- Assets at failure
- $113M
- Acquiring bank
- METROPOLITAN FB, FSB (FARGO, ND)
Other banks METROPOLITAN FB, FSB acquired in FDIC resolutions