# SURETY FS&LA

> **Failed bank** · MORGANTON, NC · failed 1987-12-11 · SL

## What happened

SURETY FS&LA of MORGANTON, NC was closed by state regulators on **1987-12-11**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **SURETY FS&LA FSA** (MORGANTON, NC). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1579
- **FDIC Certificate:** 30411
- **FDIC FIN:** 0
- **Bank name:** SURETY FS&LA
- **Location:** MORGANTON, NC
- **Failure date:** 1987-12-11
- **FDIC resolution date:** 1987-12-11
- **Charter type:** SL
- **Resolution type:** A/A
- **Deposits at failure:** $111M
- **Assets at failure:** $125M
- **Acquiring bank:** SURETY FS&LA FSA (MORGANTON, NC)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SURETY FS&LA (FDIC ID 1579), failed 1987-12-11. Retrieved via AI Analytics 2026-07-09 from https://api.ai-analytics.org/failed-bank/1579.

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