# FIRST FEDERAL SAVINGS

> **Failed bank** · LUBBOCK, TX · failed 1991-10-11 · Savings bank · FDIC cost $5M

## What happened

FIRST FEDERAL SAVINGS of LUBBOCK, TX was closed by state regulators on **1991-10-11**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST NB OF LUBBOCK** (LUBBOCK, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3215
- **FDIC Certificate:** 29191
- **FDIC FIN:** 2189
- **Bank name:** FIRST FEDERAL SAVINGS
- **Location:** LUBBOCK, TX
- **Failure date:** 1991-10-11
- **FDIC resolution date:** 1992-03-20
- **Charter type:** Savings bank
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $222M
- **Assets at failure:** $224M
- **Acquiring bank:** FIRST NB OF LUBBOCK (LUBBOCK, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FEDERAL SAVINGS (FDIC ID 3215), failed 1991-10-11. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3215.

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