Bank Failure
Family Federal Savings
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Closed January 11, 1990 · Dallas, OR · FDIC Cert #28863.
- Closing date
- January 11, 1990
- Headquarters
- Dallas, OR
- FDIC Certificate
- 28863
- Total assets at closing
- $164.2M
- Total deposits at closing
- $100.7M
- Estimated loss to the insurance fund
- $4.2M
- Insurance fund
- Resolution Trust Corporation (RTC)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Washington FS&LA
Context
On January 11, 1990, regulators closed Family Federal Savings, headquartered in Dallas, OR. At closing, the institution held approximately $164.2M in assets and $100.7M in deposits. The FDIC record names Washington FS&LA as the acquiring institution in the resolution. The estimated cost to the Resolution Trust Corporation (RTC) was approximately $4.2M.
By assets at closing this is the 882nd largest of the 3,526 bank failures in the FDIC record, and the 112th of 381 in 1990. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Family Federal Savings fail?
Family Federal Savings was closed by regulators on January 11, 1990.
Who acquired Family Federal Savings?
The FDIC record names Washington FS&LA as the acquiring institution in the resolution of Family Federal Savings.
How big was Family Federal Savings when it failed?
Family Federal Savings had approximately $164.2M in total assets and $100.7M in deposits at the time of failure.
Other failures in 1990
| Date | Bank | Assets |
|---|---|---|
| Dec 28, 1990 | Capitol Bank and Trust Company | $485.6M |
| Dec 28, 1990 | Southern FS | $230.8M |
| Dec 28, 1990 | First FS & La of Andalusia | $38.7M |
| Dec 27, 1990 | Enterprise Savings Bank, F.A. | $432.6M |
| Dec 21, 1990 | Arkansas FSB | $71.7M |
| Dec 15, 1990 | Mid-America FS & La | $1.21B |
| Dec 14, 1990 | Community FS & La | $1.98B |
| Dec 14, 1990 | Comfed Savings Bank | $1.40B |
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