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Bank failure · OR

Family Federal Savings (Dallas, OR) — failed January 11, 1990

Family Federal Savings of Dallas, Oregon was closed on January 11, 1990 and resolved through a purchase and assumption. Washington Fs&la (WA) took over its insured deposits. At failure it held $164.2M in assets and $100.7M in deposits. The FDIC's estimated loss on the failure is $4.2M (2.6% of assets).

Closing date
January 11, 1990
FDIC certificate #
28863
Resolution
Purchase and assumption (failure)
Acquiring institution
Washington Fs&la
Insurance fund
RTC

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What happens when a bank fails