Bank failure · KS
First Federal Savings/Hutchinson (Hutchinson, KS) — failed March 2, 1989
First Federal Savings/Hutchinson of Hutchinson, Kansas was closed on March 2, 1989 and resolved through a purchase and assumption. Union Nb (KS) took over its insured deposits. At failure it held $183.5M in assets and $171.9M in deposits. The FDIC's estimated loss on the failure is $75.1M (40.9% of assets).
- Closing date
- March 2, 1989
- FDIC certificate #
- 29305
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Union Nb
- Insurance fund
- RTC
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