Data / Bank failures / 1990 / Frontier FS & La
Frontier FS & La, Walla Walla, WA: failed February 23, 1990
Frontier FS & La in Walla Walla, Washington, failed on February 23, 1990. Washington Mutual of Seattle, WA, took over its deposits. It held $146.9 million in assets and $120 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $9,856 (0% of its assets). By assets it was the 122nd largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- February 23, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Washington Mutual, Seattle, WA
- Total assets
- $146,865,000
- Total deposits
- $120,037,000
- Estimated cost to the FDIC
- $9,856 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 28488
Other bank failures in Washington, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Family S & La | Seattle | February 8, 1991 | $99.6 million | $60.5 million | $3.6 million | Puget Sound NB |
| Gibraltar Savings Bank, FSB | Seattle | March 31, 1989 | $1.68 billion | $1.37 billion | $59,301 | |
| Community First Fed Savings (assistance) | Vancouver | December 15, 1988 | $386 million | $308.1 million | $73.3 million | American Home Savings A FSB |
| Eastern Washington S&LA (assistance) | Wenatchee | December 14, 1988 | $51.5 million | $32.3 million | $1.1 million | First W FS&LA of Wenatchee |
| First of Longview (assistance) | Longview | August 2, 1988 | $78.1 million | $76.3 million | $13.6 million | First FS&LA |
| Lynnwood S&LA (assistance) | Lynnwood | June 24, 1988 | $24.1 million | $24.9 million | $3.7 million | World S&LA America Fed S&L |
| The Liberty Bank of Seattle | Seattle | June 17, 1988 | $19.1 million | $20.6 million | $8.4 million | Emerald City Bank |
| Tri-Cities Savings and Loan (assistance) | Kennewick | April 11, 1988 | $53.1 million | $43.8 million | $14.2 million | Sterling Savings of Spokane |
All bank failures in 1990 · All bank failures in Washington · 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.