# FIRST FED. SAVINGS BANK & TRUST

> **Failed bank** · INDEPENDENCE, MO · failed 1990-05-04 · Savings bank · FDIC cost $10M

## What happened

FIRST FED. SAVINGS BANK & TRUST of INDEPENDENCE, MO was closed by state regulators 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
- **Estimated FDIC DIF cost:** $10M
- **Deposits at failure:** $21M
- **Assets at failure:** $25M
- **Acquiring bank:** BANK 10 (BELTON, MO)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20FED.%20SAVINGS%20BANK%20%26%20TRUST

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FED. SAVINGS BANK & TRUST (FDIC ID 2749), failed 1990-05-04. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/2749.

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