First Federal Savings Bank of Hempstead

Status:Inactive as of 09/14/1990
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:First Savings Bank of Hempstead, F.S.B.
Headquarters:First Federal Savings Bank of Hempstead
840 13th Street
Hempstead, TX 77445
Established:05/26/1988
FDIC Insurance:08/09/1989
FDIC Cert:#32590
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$35,355,000
Total Deposits:$30,879,000

History

1988-05-26Institution established: Original name:First Federal Savings Bank of Hempstead
1988-06-30Acquired Bluebonnet Savings Association of Texas (32008) in HEMPSTEAD, TX
1990-09-14Institution established: Original name:First Savings Bank of Hempstead, F.S.B. (33177)
1990-09-14Failed, went into receivership, and then became part of First Savings Bank of Hempstead, F.S.B. (33177)
1990-09-14Placed into government conservatorship.
1991-07-26Ceased operations as a result of a government supervised payoff, liquidation, or closing. No active institution received any of its deposits.
1991-07-26Government conservatorship or bridge bank resolved.