# FIRST FS&LA OF CRAIG

> **Failed bank** · CRAIG, CO · failed 1988-03-10 · SL · FDIC cost $6M

## What happened

FIRST FS&LA OF CRAIG of CRAIG, CO was closed by state regulators 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
- **Estimated FDIC DIF cost:** $6M
- **Deposits at failure:** $33M
- **Assets at failure:** $30M
- **Acquiring bank:** GREAT WEST SAVINGS BANK FSB (CRAIG, CO)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FS&LA OF CRAIG (FDIC ID 1643), failed 1988-03-10. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/1643.

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