Bank failure · NE
Nile Valley Federal S & L Assoc. (Scottsbluff, NE) — failed February 17, 1989
Nile Valley Federal S & L Assoc. of Scottsbluff, Nebraska was closed on February 17, 1989 and resolved through a insured deposit transfer. First Nb&tc of North Platte (NE) took over its insured deposits. At failure it held $56.3M in assets and $64.1M in deposits. The FDIC's estimated loss on the failure is $38.9M (69.2% of assets).
- Closing date
- February 17, 1989
- FDIC certificate #
- 30522
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- First Nb&tc of North Platte
- Insurance fund
- RTC
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