Bank failure · OR

American Home Savings (Salem, OR) — failed December 15, 1988

American Home Savings of Salem, Oregon was closed on December 15, 1988 and resolved through a a/a. American Home Savings a FSB (OR) took over its insured deposits. At failure it held $403.0M in assets and $382.7M in deposits. The FDIC's estimated loss on the failure is $145.3M (36.1% of assets).