# LINCOLN FS&LA

> **Failed bank** · WESTFIELD, NJ · failed 1988-11-01 · SL · FDIC cost $210M

## What happened

LINCOLN FS&LA of WESTFIELD, NJ was closed by state regulators 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
- **Estimated FDIC DIF cost:** $210M
- **Deposits at failure:** $965M
- **Assets at failure:** $1,253M
- **Acquiring bank:** FIRST NATIONWIDE (SAN FRANCISCO, CA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, LINCOLN FS&LA (FDIC ID 1971), failed 1988-11-01. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/1971.

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