FIRST FS&LA OF CRAIG Failed 1988

What happened

FIRST FS&LA OF CRAIG of CRAIG, CO was closed on 1988-03-10. The FDIC was named receiver.

Resolution: A/A

Deposits were transferred to GREAT WEST SAVINGS BANK FSB (CRAIG, CO). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1643

FDIC Certificate

29265

FDIC FIN

1723

Bank name

FIRST FS&LA OF CRAIG

Location

CRAIG, CO

Failure date

1988-03-10

FDIC resolution date

1988-03-10

Charter type

SL

Resolution type

A/A

FDIC DIF cost (est.)

$6M

Deposits at failure

$33M

Assets at failure

$30M

Acquiring bank

GREAT WEST SAVINGS BANK FSB (CRAIG, CO)