# TUSKEGEE S & LA

> **Failed bank** · TUSKEGEE, AL · failed 1990-11-30 · SL · FDIC cost $15M

## What happened

TUSKEGEE S & LA of TUSKEGEE, AL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $15M
- **Deposits at failure:** $28M
- **Assets at failure:** $32M
- **Acquiring bank:** FIRST TUSKEGEE BANK (TUSKEGEE, AL)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, TUSKEGEE S & LA (FDIC ID 2949), failed 1990-11-30. Retrieved via AI Analytics 2026-06-24 from https://api.ai-analytics.org/failed-bank/2949.

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