# LUDINGTON FSB

> **Failed bank** · LUDINGTON, MI · failed 1991-05-17 · Savings bank · FDIC cost $1M

## What happened

LUDINGTON FSB of LUDINGTON, MI was closed by state regulators on **1991-05-17**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **NORTHWESTERN SB&T** (TRAVERSE CITY, MI). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3107
- **FDIC Certificate:** 29795
- **FDIC FIN:** 2161
- **Bank name:** LUDINGTON FSB
- **Location:** LUDINGTON, MI
- **Failure date:** 1991-05-17
- **FDIC resolution date:** 1992-02-07
- **Charter type:** Savings bank
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $34M
- **Assets at failure:** $34M
- **Acquiring bank:** NORTHWESTERN SB&T (TRAVERSE CITY, MI)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=LUDINGTON%20FSB

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, LUDINGTON FSB (FDIC ID 3107), failed 1991-05-17. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3107.

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