Bank failure · WA
Gibraltar Savings Bank, FSB (Seattle, WA) — failed March 31, 1989
Gibraltar Savings Bank, FSB of Seattle, Washington was closed on March 31, 1989 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $1.7B in assets and $1.4B in deposits. The FDIC's estimated loss on the failure is $59K (0.0% of assets).
- Closing date
- March 31, 1989
- FDIC certificate #
- 31392
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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