Data / Bank failures / 1990 / The Ben Franklin FS & La
The Ben Franklin FS & La, Portland, OR: failed February 21, 1990
The Ben Franklin FS & La in Portland, Oregon, failed on February 21, 1990. Bank of America, FSB of Portland, OR, took over its deposits. It held $4.62 billion in assets and $3.22 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $132,513 (0% of its assets). By assets it was the 8th largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- February 21, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Bank of America, FSB, Portland, OR
- Total assets
- $4,616,850,000
- Total deposits
- $3,222,248,000
- Estimated cost to the FDIC
- $132,513 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 28220
Other bank failures in Oregon, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Far West FSB | Portland | May 23, 1991 | $2.07 billion | $1.29 billion | $313.6 million | |
| 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 |
| American Home Savings (assistance) | Salem | December 15, 1988 | $403 million | $382.7 million | $145.3 million | American Home Savings A FSB |
| Peoples S&LA | La Grande | September 23, 1988 | $22.5 million | $19.8 million | $19.3 million |
All bank failures in 1990 · All bank failures in Oregon · 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.