# FIRST FS&LA

> **Failed bank** · ASHTABULA, OH · failed 1986-01-02 · SL

## What happened

FIRST FS&LA of ASHTABULA, OH was closed by state regulators 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)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FS&LA (FDIC ID 1129), failed 1986-01-02. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/1129.

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