# WESTERN FS&LA

> **Failed bank** · COUNCIL BLUFFS, IA · failed 1988-08-11 · SL · FDIC cost $12M

## What happened

WESTERN FS&LA of COUNCIL BLUFFS, IA was closed by state regulators on **1988-08-11**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **FIRST FS&LA OF LINCOLN-IOWA** (COUNCIL BLUFFS, IA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1857
- **FDIC Certificate:** 29944
- **FDIC FIN:** 1740
- **Bank name:** WESTERN FS&LA
- **Location:** COUNCIL BLUFFS, IA
- **Failure date:** 1988-08-11
- **FDIC resolution date:** 1988-08-11
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $12M
- **Deposits at failure:** $39M
- **Assets at failure:** $24M
- **Acquiring bank:** FIRST FS&LA OF LINCOLN-IOWA (COUNCIL BLUFFS, IA)

## Other banks FIRST FS&LA OF LINCOLN-IOWA has acquired in FDIC resolutions

- FIRST FEDERAL SAVINGS BANK (SHENADOAH, IA) — failed 1988-08-11 — /failed-bank/1856

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, WESTERN FS&LA (FDIC ID 1857), failed 1988-08-11. Retrieved via AI Analytics 2026-07-06 from https://api.ai-analytics.org/failed-bank/1857.

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