Bank failure · AK
Home Savings Bank (Anchorage, AK) — failed March 2, 1989
Home Savings Bank of Anchorage, Alaska was closed on March 2, 1989 and resolved through a insured deposit transfer. Security Pacific Bank Ak, N (AK) took over its insured deposits. At failure it held $91.5M in assets and $82.7M in deposits. The FDIC's estimated loss on the failure is $63.2M (69.1% of assets).
- Closing date
- March 2, 1989
- FDIC certificate #
- 31675
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Security Pacific Bank Ak, N
- Insurance fund
- RTC
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