Bank failure · NE
Equitable S & LA, Fa (Columbus, NE) — failed February 16, 1990
Equitable S & LA, Fa of Columbus, Nebraska was closed on February 16, 1990 and resolved through a purchase and assumption. Conservative Sb, FSB (NE) took over its insured deposits. At failure it held $73.2M in assets and $63.7M in deposits. The FDIC's estimated loss on the failure is $3.9M (5.3% of assets).
- Closing date
- February 16, 1990
- FDIC certificate #
- 31320
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Conservative Sb, FSB
- Insurance fund
- RTC
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