FIRST FED. SAVINGS BANK & TRUST Failed 1990

What happened

FIRST FED. SAVINGS BANK & TRUST of INDEPENDENCE, MO was closed on 1990-05-04. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to BANK 10 (BELTON, MO). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2749

FDIC Certificate

28257

FDIC FIN

7120

Bank name

FIRST FED. SAVINGS BANK & TRUST

Location

INDEPENDENCE, MO

Failure date

1990-05-04

FDIC resolution date

1990-07-06

Charter type

Savings bank

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$10M

Deposits at failure

$21M

Assets at failure

$25M

Acquiring bank

BANK 10 (BELTON, MO)