Bank failure · WA

Community First Fed Savings (Vancouver, WA) — failed December 15, 1988

Community First Fed Savings of Vancouver, Washington 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 $386.0M in assets and $308.1M in deposits. The FDIC's estimated loss on the failure is $73.3M (19.0% of assets).