# FAMILY FS&LA

> **Failed bank** · SAGINAW, MI · failed 1986-10-31 · SL · FDIC cost $17M

## What happened

FAMILY FS&LA of SAGINAW, MI was closed by state regulators 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
- **Estimated FDIC DIF cost:** $17M
- **Deposits at failure:** $355M
- **Assets at failure:** $339M
- **Acquiring bank:** HERITAGE FSB (TAYLOR, MI)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FAMILY FS&LA (FDIC ID 1297), failed 1986-10-31. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/1297.

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