STANDARD FS & LA Failed 1991
What happened
STANDARD FS & LA of COLUMBIA, SC was closed on 1991-08-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to NB OF SOUTH CAROLINA (COLUMBIA, SC). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3153
- FDIC Certificate
- 27618
- FDIC FIN
- 1238
- Bank name
- STANDARD FS & LA
- Location
- COLUMBIA, SC
- Failure date
- 1991-08-02
- FDIC resolution date
- 1993-09-24
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $281M
- Assets at failure
- $320M
- Acquiring bank
- NB OF SOUTH CAROLINA (COLUMBIA, SC)