FIRST FEDERAL SAVINGS & LOAN Failed 1990

What happened

FIRST FEDERAL SAVINGS & LOAN of WARNER ROBINS, GA was closed on 1990-04-12. The FDIC was named receiver.

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

Deposits were transferred to CB&T BANK OF MIDDLE GA (WARNER ROBINS, GA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2724

FDIC Certificate

31233

FDIC FIN

7132

Bank name

FIRST FEDERAL SAVINGS & LOAN

Location

WARNER ROBINS, GA

Failure date

1990-04-12

FDIC resolution date

1990-08-17

Charter type

SL

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$15M

Deposits at failure

$144M

Assets at failure

$150M

Acquiring bank

CB&T BANK OF MIDDLE GA (WARNER ROBINS, GA)