TellerScore

Bank failure · NE

Heritage FSB (Omaha, NE) — failed February 16, 1990

Heritage FSB of Omaha, Nebraska 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 $225.0M in assets and $175.7M in deposits. The FDIC's estimated loss on the failure is $16.5M (7.3% of assets).

Closing date
February 16, 1990
FDIC certificate #
29318
Resolution
Purchase and assumption (failure)
Acquiring institution
Branch Sale
Insurance fund
RTC

Other failures in 1990

What happens when a bank fails