Skip to main content
Updating results

Lincoln Police Department

  • Updated

On Nov. 1, 1983, the doors to Nebraska’s largest industrial savings and loan company were closed and Commonwealth was declared insolvent. The 6,700 depositors with $65 million at stake would never be fully compensated for their loss, ultimately receiving about 59 cents on the dollar for their deposits, which they all mistakenly believed were insured up to $30,000 through the Nebraska Depository Insurance Guaranty Corporation, which was essentially an insurance pool with assets of only $3 million.

Get up-to-the-minute news sent straight to your device.

Topics

Breaking News

News Alert