Bank failure · IA
American Federal Savings Assoc. (Des Moines, IA) — failed February 9, 1990
American Federal Savings Assoc. of Des Moines, Iowa was closed on February 9, 1990 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $910.7M in assets and $817.9M in deposits. The FDIC's estimated loss on the failure is $23.5M (2.6% of assets).
- Closing date
- February 9, 1990
- FDIC certificate #
- 29728
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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