Bank failure · MO

First Fed. Savings Bank & Trust (Independence, MO) — failed May 4, 1990

First Fed. Savings Bank & Trust of Independence, Missouri was closed on May 4, 1990 and resolved through a insured deposit transfer. Bank 10 (MO) took over its insured deposits. At failure it held $25.4M in assets and $21.1M in deposits. The FDIC's estimated loss on the failure is $9.9M (38.9% of assets).