# AMERICAN FS & LA

> **Failed bank** · ALBUQUERQUE, NM · failed 1989-03-09 · SL · FDIC cost $53M

## What happened

AMERICAN FS & LA of ALBUQUERQUE, NM was closed by state regulators on **1989-03-09**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST NB IN ALBUQUERQUE** (ALBUQUERQUE, NM). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2197
- **FDIC Certificate:** 31290
- **FDIC FIN:** 7057
- **Bank name:** AMERICAN FS & LA
- **Location:** ALBUQUERQUE, NM
- **Failure date:** 1989-03-09
- **FDIC resolution date:** 1990-06-08
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $53M
- **Deposits at failure:** $151M
- **Assets at failure:** $189M
- **Acquiring bank:** FIRST NB IN ALBUQUERQUE (ALBUQUERQUE, NM)

## Other banks FIRST NB IN ALBUQUERQUE has acquired in FDIC resolutions

- NEW MEXICO FSA (ALBUQUERQUE, NM) — failed 1989-07-20 — /failed-bank/2445

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, AMERICAN FS & LA (FDIC ID 2197), failed 1989-03-09. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2197.

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