USM (U.S. MUTUAL) S&LA Failed 1985
What happened
USM (U.S. MUTUAL) S&LA of ANN ARBOR, MI was closed on 1985-11-26. The FDIC was named receiver.
Resolution: PO
Deposits were transferred to GREAT LAKES BANCORP (ANN ARBOR, MI). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1106
- FDIC Certificate
- 31761
- FDIC FIN
- 7585
- Bank name
- USM (U.S. MUTUAL) S&LA
- Location
- ANN ARBOR, MI
- Failure date
- 1985-11-26
- FDIC resolution date
- 1988-10-14
- Charter type
- SL
- Resolution type
- PO
- FDIC DIF cost (est.)
- $31M
- Deposits at failure
- $287M
- Assets at failure
- $306M
- Acquiring bank
- GREAT LAKES BANCORP (ANN ARBOR, MI)