# FAMILY S & LA

> **Failed bank** · SEATTLE, WA · failed 1991-02-08 · SL · FDIC cost $4M

## What happened

FAMILY S & LA of SEATTLE, WA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $60M
- **Assets at failure:** $100M
- **Acquiring bank:** PUGET SOUND NB (TACOMA, WA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FAMILY S & LA (FDIC ID 3015), failed 1991-02-08. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/3015.

---

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