Data / Bank failures / 1990 / Equitable S & La, FA
Equitable S & La, FA, Columbus, NE: failed February 16, 1990
Equitable S & La, FA in Columbus, Nebraska, failed on February 16, 1990. Conservative SB, FSB of Omaha, NE, took over its deposits. It held $73.2 million in assets and $63.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3.9 million (5.3% of its assets). By assets it was the 180th largest of 382 banks closed or assisted in 1990.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- February 16, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Conservative SB, FSB, Omaha, NE
- Total assets
- $73,176,000
- Total deposits
- $63,656,000
- Estimated cost to the FDIC
- $3,853,628 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 31320
Other bank failures in Nebraska, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Heritage FSB | Omaha | February 16, 1990 | $225 million | $175.7 million | $16.5 million | |
| First Fed. Savings Assoc. of York | York | January 18, 1990 | $59.7 million | $54.9 million | $2.8 million | First Trust Company of York |
| The Farmers State Bank | Lyman | September 23, 1989 | $5.7 million | $5.6 million | $1 million | First National Bank in Morr |
| Nile Valley Federal S & L Assoc. | Scottsbluff | February 17, 1989 | $56.3 million | $64.1 million | $38.9 million | First NB&TC of North Platte |
| Occidental/nebraska FSB | Omaha | February 17, 1989 | $677.3 million | $529.9 million | $155.7 million | Firstier Bank, NA, Omaha |
| Equitable Federal Savings Bank | Fremont | February 17, 1989 | $225.2 million | $205.4 million | $28.6 million | Firstier Bank, NA, Omaha |
| Platte Valley FS & La | Gering | February 17, 1989 | $316.8 million | $320.8 million | $181.1 million | First NB&TC of North Platte |
| Midwest Fed. S & L Assoc. | Nebraska City | February 17, 1989 | $139.1 million | $119.7 million | $32 million | American NB |
Other failed banks Conservative SB, FSB took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The Overland Park FS & La | Overland Park | KS | November 13, 1992 | $213.4 million | $95.3 million | $6.4 million | Conservative SB, FSB |
All bank failures in 1990 · All bank failures in Nebraska · Every failed bank Conservative SB, FSB took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.