FIRST SECURITY S&LA Failed 1986

What happened

FIRST SECURITY S&LA of GRAND JUNCTION, CO was closed on 1986-11-21. The FDIC was named receiver.

Resolution: A/A

Deposits were transferred to GREAT AMERICAN FIRST SAVING (TUCSON, AZ). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1312

FDIC Certificate

32105

FDIC FIN

1879

Bank name

FIRST SECURITY S&LA

Location

GRAND JUNCTION, CO

Failure date

1986-11-21

FDIC resolution date

1987-03-09

Charter type

SL

Resolution type

A/A

FDIC DIF cost (est.)

$0M

Deposits at failure

$52M

Assets at failure

$55M

Acquiring bank

GREAT AMERICAN FIRST SAVING (TUCSON, AZ)