AMERICAN FS & LA OF COLORADO Failed 1989
What happened
AMERICAN FS & LA OF COLORADO of COLORADO SPRINGS, CO was closed on 1989-04-06. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to WORLD S&LA (OAKLAND, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2322
- FDIC Certificate
- 29073
- FDIC FIN
- 7018
- Bank name
- AMERICAN FS & LA OF COLORADO
- Location
- COLORADO SPRINGS, CO
- Failure date
- 1989-04-06
- FDIC resolution date
- 1990-05-18
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $444M
- Deposits at failure
- $681M
- Assets at failure
- $720M
- Acquiring bank
- WORLD S&LA (OAKLAND, CA)
Other banks WORLD S&LA acquired in FDIC resolutions