THE BEN FRANKLIN FS & LA Failed 1990
What happened
THE BEN FRANKLIN FS & LA of PORTLAND, OR was closed on 1990-02-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF AMERICA, FSB (PORTLAND, OR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2664
- FDIC Certificate
- 28220
- FDIC FIN
- 7166
- Bank name
- THE BEN FRANKLIN FS & LA
- Location
- PORTLAND, OR
- Failure date
- 1990-02-21
- FDIC resolution date
- 1990-09-07
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $3,222M
- Assets at failure
- $4,617M
- Acquiring bank
- BANK OF AMERICA, FSB (PORTLAND, OR)