UNITED FS&LA Failed 1987
What happened
UNITED FS&LA of DURANT, OK was closed on 1987-06-29. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to MIDWEST FS&LA OF MINNEAPOLI (MINNEAPOLIS, MN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1461
- FDIC Certificate
- 29862
- FDIC FIN
- 7570
- Bank name
- UNITED FS&LA
- Location
- DURANT, OK
- Failure date
- 1987-06-29
- FDIC resolution date
- 1988-03-25
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $46M
- Deposits at failure
- $78M
- Assets at failure
- $90M
- Acquiring bank
- MIDWEST FS&LA OF MINNEAPOLI (MINNEAPOLIS, MN)
Other banks MIDWEST FS&LA OF MINNEAPOLI acquired in FDIC resolutions