FIRST FEDERAL SAV. ASSOC./BLUEFIELD Failed 1990

What happened

FIRST FEDERAL SAV. ASSOC./BLUEFIELD of BLUEFIELD, WV was closed on 1990-02-23. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to FIRST FSB (BLUEFIELD, WV). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2669

FDIC Certificate

28176

FDIC FIN

7211

Bank name

FIRST FEDERAL SAV. ASSOC./BLUEFIELD

Location

BLUEFIELD, WV

Failure date

1990-02-23

FDIC resolution date

1990-11-09

Charter type

SL

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$3M

Deposits at failure

$33M

Assets at failure

$39M

Acquiring bank

FIRST FSB (BLUEFIELD, WV)

Other banks FIRST FSB acquired in FDIC resolutions

• FIRST FEDERAL SAVINGS OF TOLEDO (TOLEDO, OH) — failed 1991-02-01
• FIRST FEDERAL SAVINGS & LOAN (SAN ANTONIO, TX) — failed 1991-01-04
• BROADVIEW SAVINGS BANK (CLEVELAND, OH) — failed 1989-03-30
• PAN AMERICAN, FS&LA (RIO PIEDRAS, PR) — failed 1981-11-20
• FIRST FS&LA OF PUERTO RICO (SANTURCE, PR) — failed 1981-11-20