# AMERICAN S & LA

> **Failed bank** · SALT LAKE CITY, UT · failed 1989-02-17 · SL · FDIC cost $152M

## What happened

AMERICAN S & LA of SALT LAKE CITY, UT was closed by state regulators on **1989-02-17**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **PACIFIC FIRST FSB** (SEATTLE, WA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2110
- **FDIC Certificate:** 28582
- **FDIC FIN:** 7054
- **Bank name:** AMERICAN S & LA
- **Location:** SALT LAKE CITY, UT
- **Failure date:** 1989-02-17
- **FDIC resolution date:** 1990-06-08
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $152M
- **Deposits at failure:** $1,390M
- **Assets at failure:** $2,181M
- **Acquiring bank:** PACIFIC FIRST FSB (SEATTLE, WA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, AMERICAN S & LA (FDIC ID 2110), failed 1989-02-17. Retrieved via AI Analytics 2026-06-30 from https://api.ai-analytics.org/failed-bank/2110.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*