# FIRST FEDERAL SAVINGS ASSOC.

> **Failed bank** · LAS VEGAS, NM · failed 1990-11-16 · SL · FDIC cost $14M

## What happened

FIRST FEDERAL SAVINGS ASSOC. of LAS VEGAS, NM was closed by state regulators 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
- **Estimated FDIC DIF cost:** $14M
- **Deposits at failure:** $41M
- **Assets at failure:** $55M
- **Acquiring bank:** BANK OF NM, & LAS VEGAS (ALBUQUERQUE, NM)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20FEDERAL%20SAVINGS%20ASSOC.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FEDERAL SAVINGS ASSOC. (FDIC ID 2940), failed 1990-11-16. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/2940.

---

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