Bank failure · ME
American FSB (Sanford, ME) — failed January 11, 1990
American FSB of Sanford, Maine was closed on January 11, 1990 and resolved through a insured deposit transfer. Branch Sale (NA) took over its insured deposits. At failure it held $51.8M in assets and $39.8M in deposits. The FDIC's estimated loss on the failure is $14.2M (27.5% of assets).
- Closing date
- January 11, 1990
- FDIC certificate #
- 28340
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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