FIRST FS & LA Failed 1991
What happened
FIRST FS & LA of DALLAS, GA was closed on 1991-02-22. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to ETOWAH BANK (CANTON, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3023
- FDIC Certificate
- 31206
- FDIC FIN
- 2115
- Bank name
- FIRST FS & LA
- Location
- DALLAS, GA
- Failure date
- 1991-02-22
- FDIC resolution date
- 1991-09-27
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $36M
- Assets at failure
- $38M
- Acquiring bank
- ETOWAH BANK (CANTON, GA)
Other banks ETOWAH BANK acquired in FDIC resolutions