FIRST AMERICAN FSB Failed 1991

What happened

FIRST AMERICAN FSB of TUCSON, AZ was closed on 1991-08-16. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to STATE SB, FSB (TUCSON, AZ). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3164

FDIC Certificate

32249

FDIC FIN

1210

Bank name

FIRST AMERICAN FSB

Location

TUCSON, AZ

Failure date

1991-08-16

FDIC resolution date

1992-04-24

Charter type

Savings bank

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$11M

Deposits at failure

$130M

Assets at failure

$145M

Acquiring bank

STATE SB, FSB (TUCSON, AZ)