Data / Bank failures / 1988 / American Home Savings
American Home Savings, Salem, OR: received FDIC assistance December 15, 1988
American Home Savings in Salem, Oregon, received open bank assistance from the FDIC on December 15, 1988. It held $403 million in assets and $382.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $145.3 million (36.1% of its assets). By assets it was the 57th largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- December 15, 1988
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- American Home Savings A FSB, Salem, OR
- Total assets
- $403,016,000
- Total deposits
- $382,743,000
- Estimated cost to the FDIC
- $145,342,700 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- FSLIC
- FDIC certificate
- 28891
Other bank failures in Oregon, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Ben Franklin FS & La | Portland | February 21, 1990 | $4.62 billion | $3.22 billion | $132,513 | Bank of America, FSB |
| Family Federal Savings | Dallas | January 11, 1990 | $164.2 million | $100.7 million | $4.2 million | Washington FS&LA |
| Jackson County Fsa (assistance) | Medford | December 30, 1988 | $266.1 million | $275 million | $72.4 million | Jackson County FS&LA |
| Peoples S&LA | La Grande | September 23, 1988 | $22.5 million | $19.8 million | $19.3 million | |
| Lewis and Clark State Bank | Lake Oswego | December 11, 1987 | $20.3 million | $19.8 million | $2.5 million | Key Bank of Oregon |
| Future S&LA | Albany | April 10, 1987 | $57.6 million | $57.7 million | $15.8 million | |
| Umpqua S&LA | Roseburg | January 16, 1987 | $108.2 million | $88.5 million | $11.9 million | |
| Columbia Community Bank | Hermiston | October 3, 1986 | $5.3 million | $5 million | $1 million | Inland Empire Bank |
Other failed banks American Home Savings A FSB took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Community First Fed Savings (assistance) | Vancouver | WA | December 15, 1988 | $386 million | $308.1 million | $73.3 million | American Home Savings A FSB |
All bank failures in 1988 · All bank failures in Oregon · Every failed bank American Home Savings A FSB took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.