Bank failure · AL
Baldwin County Fed. Savings Bank (Robertsdale, AL) — failed March 30, 1989
Baldwin County Fed. Savings Bank of Robertsdale, Alabama was closed on March 30, 1989 and resolved through a purchase and assumption. First Alabama Bank (AL) took over its insured deposits. At failure it held $171.5M in assets and $156.8M in deposits. The FDIC's estimated loss on the failure is $7.3M (4.3% of assets).
- Closing date
- March 30, 1989
- FDIC certificate #
- 28071
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Alabama Bank
- Insurance fund
- RTC
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