Bank Failure
AMERICAN FS&LA
Closed November 14, 1983 · FORT WAYNE, IN · FDIC Cert #31275.
- Closing date
- November 14, 1983
- Headquarters
- FORT WAYNE, IN
- FDIC Certificate
- 31275
- Total assets at closing
- $55,358,000
- Total deposits at closing
- $46,430,000
- Estimated loss to DIF
- $3,404,000
- Resolution type
- other
- Acquirer
- STANDARD FS&LA
Context
On November 14, 1983, regulators closed AMERICAN FS&LA, headquartered in FORT WAYNE, IN. At closing, the institution held approximately $55,358,000 in assets and $46,430,000 in deposits. The FDIC arranged a resolution under which STANDARD FS&LA acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $3,404,000.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 1983
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1983-12-30 | FIRST FS&LA OF MONROEVILLE | MONROEVILLE, AL | $29,780,000 |
| 1983-12-27 | CITIZENS S&LA | MIDDLETOWN, OH | $63,594,000 |
| 1983-12-16 | THE BANK OF RED OAK | RED OAK, OK | $11,135,000 |
| 1983-12-13 | BANK OF HACKLEBURG | HACKLEBURG, AL | $6,531,000 |
| 1983-12-13 | BANK OF HACKLEBURG | HACKLEBURG, AL | $6,531,000 |
| 1983-12-09 | UNION TRUST COMPANY | SAN JUAN, PR | $30,578,000 |
| 1983-12-02 | METRO FS&LA | LAKE CHARLES, LA | $27,381,000 |
| 1983-12-01 | BOHEMIAN S&LA | ST. LOUIS, MO | $168,567,000 |
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