FAMILY FS&LA Failed 1986
What happened
FAMILY FS&LA of SAGINAW, MI was closed on 1986-10-31. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to HERITAGE FSB (TAYLOR, MI). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1297
- FDIC Certificate
- 27649
- FDIC FIN
- 1697
- Bank name
- FAMILY FS&LA
- Location
- SAGINAW, MI
- Failure date
- 1986-10-31
- FDIC resolution date
- 1986-10-31
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $17M
- Deposits at failure
- $355M
- Assets at failure
- $339M
- Acquiring bank
- HERITAGE FSB (TAYLOR, MI)