# AMERICAN FS & LA OF COLORADO

> **Failed bank** · COLORADO SPRINGS, CO · failed 1989-04-06 · SL · FDIC cost $444M

## What happened

AMERICAN FS & LA OF COLORADO of COLORADO SPRINGS, CO was closed by state regulators 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
- **Estimated FDIC DIF cost:** $444M
- **Deposits at failure:** $681M
- **Assets at failure:** $720M
- **Acquiring bank:** WORLD S&LA (OAKLAND, CA)

## Other banks WORLD S&LA has acquired in FDIC resolutions

- OHIO VALLEY (STEUBENVILLE, OH) — failed 1988-12-17 — /failed-bank/2017

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, AMERICAN FS & LA OF COLORADO (FDIC ID 2322), failed 1989-04-06. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/2322.

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