AMERICAN FS&LA Failed 1987
What happened
AMERICAN FS&LA of LYNCHBURG, VA was closed on 1987-12-31. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to FIRST FEDERAL OF ROANOKE (ROANOKE, VA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1592
- FDIC Certificate
- 28544
- FDIC FIN
- 1720
- Bank name
- AMERICAN FS&LA
- Location
- LYNCHBURG, VA
- Failure date
- 1987-12-31
- FDIC resolution date
- 1987-12-31
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $44M
- Deposits at failure
- $197M
- Assets at failure
- $167M
- Acquiring bank
- FIRST FEDERAL OF ROANOKE (ROANOKE, VA)