Bank failure · OR
The Ben Franklin Fs & LA (Portland, OR) — failed February 21, 1990
The Ben Franklin Fs & LA of Portland, Oregon was closed on February 21, 1990 and resolved through a purchase and assumption. Bank of America, FSB (OR) took over its insured deposits. At failure it held $4.6B in assets and $3.2B in deposits. The FDIC's estimated loss on the failure is $133K (0.0% of assets).
- Closing date
- February 21, 1990
- FDIC certificate #
- 28220
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of America, FSB
- Insurance fund
- RTC
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