Bank failure · MN
Midwest Federal Savings (Minneapolis, MN) — failed February 13, 1989
Midwest Federal Savings of Minneapolis, Minnesota was closed on February 13, 1989 and resolved through a insured deposit transfer. Branch Sale (NA) took over its insured deposits. At failure it held $3.3B in assets and $2.2B in deposits. The FDIC's estimated loss on the failure is $754.8M (23.2% of assets).
- Closing date
- February 13, 1989
- FDIC certificate #
- 30540
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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