HIAWATHA SAVINGS & LOAN Failed 1990
What happened
HIAWATHA SAVINGS & LOAN of HIAWATHA, KS was closed on 1990-03-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to MORRILL & JANES B&TC (HIAWATHA, KS). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2692
- FDIC Certificate
- 28697
- FDIC FIN
- 7226
- Bank name
- HIAWATHA SAVINGS & LOAN
- Location
- HIAWATHA, KS
- Failure date
- 1990-03-09
- FDIC resolution date
- 1990-11-16
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $38M
- Deposits at failure
- $54M
- Assets at failure
- $49M
- Acquiring bank
- MORRILL & JANES B&TC (HIAWATHA, KS)