UNITED FS&LA Failed 1988
What happened
UNITED FS&LA of ABERDEEN, SD was closed on 1988-12-01. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to HOME FS&LA OF SIOUX FALLS (SIOUX FALLS, SD). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1992
- FDIC Certificate
- 29181
- FDIC FIN
- 1791
- Bank name
- UNITED FS&LA
- Location
- ABERDEEN, SD
- Failure date
- 1988-12-01
- FDIC resolution date
- 1988-12-01
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $8M
- Deposits at failure
- $92M
- Assets at failure
- $93M
- Acquiring bank
- HOME FS&LA OF SIOUX FALLS (SIOUX FALLS, SD)