LYNNWOOD S&LA Failed 1988
What happened
LYNNWOOD S&LA of LYNNWOOD, WA was closed on 1988-06-24. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to WORLD S&LA AMERICA FED S&L (LYNNWOOD, WA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1782
- FDIC Certificate
- 32022
- FDIC FIN
- 1734
- Bank name
- LYNNWOOD S&LA
- Location
- LYNNWOOD, WA
- Failure date
- 1988-06-24
- FDIC resolution date
- 1988-06-24
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $25M
- Assets at failure
- $24M
- Acquiring bank
- WORLD S&LA AMERICA FED S&L (LYNNWOOD, WA)