# AMERICAN FS&LA

> **Failed bank** · LYNCHBURG, VA · failed 1987-12-31 · SL · FDIC cost $44M

## What happened

AMERICAN FS&LA of LYNCHBURG, VA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $44M
- **Deposits at failure:** $197M
- **Assets at failure:** $167M
- **Acquiring bank:** FIRST FEDERAL OF ROANOKE (ROANOKE, VA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, AMERICAN FS&LA (FDIC ID 1592), failed 1987-12-31. Retrieved via AI Analytics 2026-07-13 from https://api.ai-analytics.org/failed-bank/1592.

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