FIRST FEDERAL SAVINGS ASSOC. Failed 1990
What happened
FIRST FEDERAL SAVINGS ASSOC. of LAS VEGAS, NM was closed on 1990-11-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF NM, & LAS VEGAS (ALBUQUERQUE, NM). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2940
- FDIC Certificate
- 29207
- FDIC FIN
- 7332
- Bank name
- FIRST FEDERAL SAVINGS ASSOC.
- Location
- LAS VEGAS, NM
- Failure date
- 1990-11-16
- FDIC resolution date
- 1991-06-21
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $14M
- Deposits at failure
- $41M
- Assets at failure
- $55M
- Acquiring bank
- BANK OF NM, & LAS VEGAS (ALBUQUERQUE, NM)