# FIRST FS & LA

> **Failed bank** · DALLAS, GA · failed 1991-02-22 · SL · FDIC cost $4M

## What happened

FIRST FS & LA of DALLAS, GA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $36M
- **Assets at failure:** $38M
- **Acquiring bank:** ETOWAH BANK (CANTON, GA)

## Other banks ETOWAH BANK has acquired in FDIC resolutions

- FIRST COMMUNITY BANK OF CHEROKEE (WOODSTOCK, GA) — failed 1992-03-31 — /failed-bank/3301

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FS & LA (FDIC ID 3023), failed 1991-02-22. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/3023.

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