TUSKEGEE S & LA Failed 1990
What happened
TUSKEGEE S & LA of TUSKEGEE, AL was closed on 1990-11-30. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST TUSKEGEE BANK (TUSKEGEE, AL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2949
- FDIC Certificate
- 30122
- FDIC FIN
- 2128
- Bank name
- TUSKEGEE S & LA
- Location
- TUSKEGEE, AL
- Failure date
- 1990-11-30
- FDIC resolution date
- 1991-10-11
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $15M
- Deposits at failure
- $28M
- Assets at failure
- $32M
- Acquiring bank
- FIRST TUSKEGEE BANK (TUSKEGEE, AL)