Bank failure · AK
First Federal Bank of Alaska (Anchorage, AK) — failed March 2, 1989
First Federal Bank of Alaska of Anchorage, Alaska was closed on March 2, 1989 and resolved through a purchase and assumption. First Nb of Anchorage (AK) took over its insured deposits. At failure it held $137.6M in assets and $192.3M in deposits. The FDIC's estimated loss on the failure is $134.0M (97.3% of assets).
- Closing date
- March 2, 1989
- FDIC certificate #
- 30856
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Nb of Anchorage
- Insurance fund
- RTC
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