# USM (U.S. MUTUAL) S&LA

> **Failed bank** · ANN ARBOR, MI · failed 1985-11-26 · SL · FDIC cost $31M

## What happened

USM (U.S. MUTUAL) S&LA of ANN ARBOR, MI was closed by state regulators 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
- **Estimated FDIC DIF cost:** $31M
- **Deposits at failure:** $287M
- **Assets at failure:** $306M
- **Acquiring bank:** GREAT LAKES  BANCORP (ANN ARBOR, MI)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=USM%20(U.S.%20MUTUAL)%20S%26LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, USM (U.S. MUTUAL) S&LA (FDIC ID 1106), failed 1985-11-26. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/1106.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*