Bank failure · MO
Financial Federal Sa (Joplin, MO) — failed April 6, 1989
Financial Federal Sa of Joplin, Missouri was closed on April 6, 1989 and resolved through a purchase and assumption. Farm & Home Sa (MO) took over its insured deposits. At failure it held $161.4M in assets and $173.1M in deposits. The FDIC's estimated loss on the failure is $44.8M (27.8% of assets).
- Closing date
- April 6, 1989
- FDIC certificate #
- 29458
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Farm & Home Sa
- Insurance fund
- RTC
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