LINCOLN FS&LA Failed 1988
What happened
LINCOLN FS&LA of WESTFIELD, NJ was closed on 1988-11-01. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to FIRST NATIONWIDE (SAN FRANCISCO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1971
- FDIC Certificate
- 28437
- FDIC FIN
- 1762
- Bank name
- LINCOLN FS&LA
- Location
- WESTFIELD, NJ
- Failure date
- 1988-11-01
- FDIC resolution date
- 1988-11-01
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $210M
- Deposits at failure
- $965M
- Assets at failure
- $1,253M
- Acquiring bank
- FIRST NATIONWIDE (SAN FRANCISCO, CA)