FIRST FS&LA Failed 1986

What happened

FIRST FS&LA of ASHTABULA, OH was closed on 1986-01-02. The FDIC was named receiver.

Resolution: A/A

Deposits were transferred to FIRST FEDERAL OF WESTERN PE (SHARON, PA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1129

FDIC Certificate

29406

FDIC FIN

0

Bank name

FIRST FS&LA

Location

ASHTABULA, OH

Failure date

1986-01-02

FDIC resolution date

1986-01-02

Charter type

SL

Resolution type

A/A

Deposits at failure

$56M

Assets at failure

$53M

Acquiring bank

FIRST FEDERAL OF WESTERN PE (SHARON, PA)