Bank failure · KS
Hiawatha Savings & Loan (Hiawatha, KS) — failed March 9, 1990
Hiawatha Savings & Loan of Hiawatha, Kansas was closed on March 9, 1990 and resolved through a purchase and assumption. Morrill & Janes B&tc (KS) took over its insured deposits. At failure it held $49.2M in assets and $54.1M in deposits. The FDIC's estimated loss on the failure is $38.4M (78.1% of assets).
- Closing date
- March 9, 1990
- FDIC certificate #
- 28697
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Morrill & Janes B&tc
- Insurance fund
- RTC
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