Bank failure · NM

First American Savings Bank, FSB (Santa Fe, NM) — failed August 31, 1990

First American Savings Bank, FSB of Santa Fe, New Mexico was closed on August 31, 1990 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $123.6M in assets and $108.9M in deposits. The FDIC's estimated loss on the failure is $57.4M (46.4% of assets).