# HIAWATHA SAVINGS & LOAN

> **Failed bank** · HIAWATHA, KS · failed 1990-03-09 · SL · FDIC cost $38M

## What happened

HIAWATHA SAVINGS & LOAN of HIAWATHA, KS was closed by state regulators 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
- **Estimated FDIC DIF cost:** $38M
- **Deposits at failure:** $54M
- **Assets at failure:** $49M
- **Acquiring bank:** MORRILL & JANES B&TC (HIAWATHA, KS)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=HIAWATHA%20SAVINGS%20%26%20LOAN

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, HIAWATHA SAVINGS & LOAN (FDIC ID 2692), failed 1990-03-09. Retrieved via AI Analytics 2026-07-13 from https://api.ai-analytics.org/failed-bank/2692.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*