# LYNNWOOD S&LA

> **Failed bank** · LYNNWOOD, WA · failed 1988-06-24 · SL · FDIC cost $4M

## What happened

LYNNWOOD S&LA of LYNNWOOD, WA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $25M
- **Assets at failure:** $24M
- **Acquiring bank:** WORLD S&LA AMERICA FED S&L (LYNNWOOD, WA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, LYNNWOOD S&LA (FDIC ID 1782), failed 1988-06-24. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/failed-bank/1782.

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