UNITED FS & LA Failed 1990
What happened
UNITED FS & LA of VIDALIA, LA was closed on 1990-07-20. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CONCORDIA B&TC (VIDALIA, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2851
- FDIC Certificate
- 31269
- FDIC FIN
- 7122
- Bank name
- UNITED FS & LA
- Location
- VIDALIA, LA
- Failure date
- 1990-07-20
- FDIC resolution date
- 1990-07-20
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $19M
- Assets at failure
- $19M
- Acquiring bank
- CONCORDIA B&TC (VIDALIA, LA)