# FIRST STATE S&LA

> **Failed bank** · SPARTANSBURG, SC · failed 1986-10-23 · SL · FDIC cost $0M

## What happened

FIRST STATE S&LA of SPARTANSBURG, SC was closed by state regulators on **1986-10-23**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **POUGHKEEPSIE SB FSB** (POUGHKEEPSIE, NY). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1295
- **FDIC Certificate:** 30071
- **FDIC FIN:** 1696
- **Bank name:** FIRST STATE S&LA
- **Location:** SPARTANSBURG, SC
- **Failure date:** 1986-10-23
- **FDIC resolution date:** 1986-10-23
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $78M
- **Assets at failure:** $79M
- **Acquiring bank:** POUGHKEEPSIE SB FSB (POUGHKEEPSIE, NY)

## Other banks POUGHKEEPSIE SB FSB has acquired in FDIC resolutions

- FARMERS FS&LA (RAVENSWOOD, WV) — failed 1986-10-23 — /failed-bank/1294

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST STATE S&LA (FDIC ID 1295), failed 1986-10-23. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/1295.

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