STATE FS&LA Failed 1985
What happened
STATE FS&LA of CORVALLIS, OR was closed on 1985-12-06. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to WASHINGTON FS&LA (SEATTLE, WA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1115
- FDIC Certificate
- 31354
- FDIC FIN
- 7525
- Bank name
- STATE FS&LA
- Location
- CORVALLIS, OR
- Failure date
- 1985-12-06
- FDIC resolution date
- 1988-09-16
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $249M
- Deposits at failure
- $444M
- Assets at failure
- $564M
- Acquiring bank
- WASHINGTON FS&LA (SEATTLE, WA)
Other banks WASHINGTON FS&LA acquired in FDIC resolutions