FAMILY S & LA Failed 1991
What happened
FAMILY S & LA of SEATTLE, WA was closed on 1991-02-08. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PUGET SOUND NB (TACOMA, WA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3015
- FDIC Certificate
- 31719
- FDIC FIN
- 7362
- Bank name
- FAMILY S & LA
- Location
- SEATTLE, WA
- Failure date
- 1991-02-08
- FDIC resolution date
- 1991-07-19
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $60M
- Assets at failure
- $100M
- Acquiring bank
- PUGET SOUND NB (TACOMA, WA)