SIERRA FS&LA Failed 1985
What happened
SIERRA FS&LA of DENVER, CO was closed on 1985-08-09. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to COMMERCIAL FS&LA (OMAHA, NE). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1049
- FDIC Certificate
- 31906
- FDIC FIN
- 0
- Bank name
- SIERRA FS&LA
- Location
- DENVER, CO
- Failure date
- 1985-08-09
- FDIC resolution date
- 1986-02-28
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $56M
- Deposits at failure
- $81M
- Assets at failure
- $48M
- Acquiring bank
- COMMERCIAL FS&LA (OMAHA, NE)
Other banks COMMERCIAL FS&LA acquired in FDIC resolutions