# CITY FS & LA

> **Failed bank** · BIRMINGHAM, AL · failed 1989-03-30 · SL · FDIC cost $53M

## What happened

CITY FS & LA of BIRMINGHAM, AL was closed by state regulators on **1989-03-30**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST ALABAMA BANK** (MONTGOMERY, AL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2303
- **FDIC Certificate:** 30202
- **FDIC FIN:** 7169
- **Bank name:** CITY FS & LA
- **Location:** BIRMINGHAM, AL
- **Failure date:** 1989-03-30
- **FDIC resolution date:** 1990-09-14
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $53M
- **Deposits at failure:** $648M
- **Assets at failure:** $712M
- **Acquiring bank:** FIRST ALABAMA BANK (MONTGOMERY, AL)

## Other banks FIRST ALABAMA BANK has acquired in FDIC resolutions

- BALDWIN COUNTY FED. SAVINGS BANK (ROBERTSDALE, AL) — failed 1989-03-30 — /failed-bank/2298

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITY FS & LA (FDIC ID 2303), failed 1989-03-30. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/2303.

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