Data / Bank failures / 1989 / Platte Valley FS & La
Platte Valley FS & La, Gering, NE: failed February 17, 1989
Platte Valley FS & La in Gering, Nebraska, failed on February 17, 1989. First NB&TC of North Platte of North Platte, NE, took over its deposits. It held $316.8 million in assets and $320.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $181.1 million (57.2% of its assets). By assets it was the 90th largest of 534 banks closed or assisted in 1989.
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The FDIC's record
- Closed
- February 17, 1989
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- First NB&TC of North Platte, North Platte, NE
- Total assets
- $316,765,000
- Total deposits
- $320,752,000
- Estimated cost to the FDIC
- $181,099,391 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 29400
Other bank failures in Nebraska, 1987 to 1991
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Equitable S & La, FA | Columbus | February 16, 1990 | $73.2 million | $63.7 million | $3.9 million | Conservative SB, FSB |
| 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 |
| Midwest Fed. S & L Assoc. | Nebraska City | February 17, 1989 | $139.1 million | $119.7 million | $32 million | American NB |
Other failed banks First NB&TC of North Platte took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Nile Valley Federal S & L Assoc. | Scottsbluff | NE | February 17, 1989 | $56.3 million | $64.1 million | $38.9 million | First NB&TC of North Platte |
All bank failures in 1989 · All bank failures in Nebraska · Every failed bank First NB&TC of North Platte 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.