Bank Failure
WASHINGTON FS&LA
Closed August 31, 1983 · NEW YORK, NY · FDIC Cert #30170.
- Closing date
- August 31, 1983
- Headquarters
- NEW YORK, NY
- FDIC Certificate
- 30170
- Total assets at closing
- $644,987,000
- Total deposits at closing
- $548,349,000
- Estimated loss to DIF
- $11,846,000
- Resolution type
- other
- Acquirer
- ENSIGN BANK FSB (FDIC Cert #1651)
Context
On August 31, 1983, regulators closed WASHINGTON FS&LA, headquartered in NEW YORK, NY. At closing, the institution held approximately $644,987,000 in assets and $548,349,000 in deposits. The FDIC arranged a resolution under which ENSIGN BANK FSB acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $11,846,000.
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 |
Explore: all failures · NY bank events · 1983 events · events hub