Bank failure · OH
Freedom Sa (Columbus, OH) — failed February 16, 1990
Freedom Sa of Columbus, Ohio was closed on February 16, 1990 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $360.4M in assets and $311.9M in deposits. The FDIC's estimated loss on the failure is $42.7M (11.9% of assets).
- Closing date
- February 16, 1990
- FDIC certificate #
- 27850
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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