# STATE  FS&LA

> **Failed bank** · CORVALLIS, OR · failed 1985-12-06 · SL · FDIC cost $249M

## What happened

STATE  FS&LA of CORVALLIS, OR was closed by state regulators 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
- **Estimated FDIC DIF cost:** $249M
- **Deposits at failure:** $444M
- **Assets at failure:** $564M
- **Acquiring bank:** WASHINGTON FS&LA (SEATTLE, WA)

## Other banks WASHINGTON FS&LA has acquired in FDIC resolutions

- FAMILY FEDERAL SAVINGS (DALLAS, OR) — failed 1990-01-11 — /failed-bank/2607
- NORTHWEST FS&LA (BOISE, ID) — failed 1988-08-26 — /failed-bank/1888
- PROVIDENT FS&LA (BOISE, ID) — failed 1987-07-02 — /failed-bank/1466
- UNITED FIRST FS&LA (BOISE, ID) — failed 1987-07-02 — /failed-bank/1465

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=STATE%20%20FS%26LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, STATE  FS&LA (FDIC ID 1115), failed 1985-12-06. Retrieved via AI Analytics 2026-07-13 from https://api.ai-analytics.org/failed-bank/1115.

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