# UNITED FS&LA

> **Failed bank** · ABERDEEN, SD · failed 1988-12-01 · SL · FDIC cost $8M

## What happened

UNITED FS&LA of ABERDEEN, SD was closed by state regulators 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
- **Estimated FDIC DIF cost:** $8M
- **Deposits at failure:** $92M
- **Assets at failure:** $93M
- **Acquiring bank:** HOME FS&LA OF SIOUX FALLS (SIOUX FALLS, SD)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, UNITED FS&LA (FDIC ID 1992), failed 1988-12-01. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/1992.

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