Data / Bank failures / 1990 / First Central Federal Savings Bank
First Central Federal Savings Bank, Chariton, IA: failed January 4, 1990
First Central Federal Savings Bank in Chariton, Iowa, failed on January 4, 1990. It held $112.8 million in assets and $104.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $372,113 (0.3% of its assets). By assets it was the 147th largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- January 4, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- None, NA
- Total assets
- $112,832,000
- Total deposits
- $104,887,000
- Estimated cost to the FDIC
- $372,113 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 30034
Other bank failures in Iowa, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Peoples Fsa | Ottumwa | November 22, 1991 | $34.3 million | $33.7 million | $735,332 | South Ottumwa SB |
| Home FS & La of Harlan | Harlan | September 27, 1991 | $91.4 million | $89 million | $35,348 | Conservative SB FSB |
| First FS & La of Creston | Creston | May 10, 1991 | $67.3 million | $67.9 million | $1.8 million | First FSB of Creston |
| Home FS & La, FA | Algona | April 26, 1991 | $134.3 million | $116.9 million | $4,123 | |
| United Fsa of Iowa | Des Moines | March 22, 1991 | $895.8 million | $715.8 million | $50.2 million | |
| Statesman Bank for Savings, FSB | Des Moines | July 27, 1990 | $540.4 million | $445.1 million | $20.4 million | |
| Sun Federal Savings Assoc. | Fort Dodge | March 16, 1990 | $24.3 million | $19 million | $1.8 million | Ida County State Bank |
| American Federal Savings Assoc. | Des Moines | February 9, 1990 | $910.7 million | $817.9 million | $23.5 million |
All bank failures in 1990 · All bank failures in Iowa · 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.