FIRST FS & LA Failed 1991
What happened
FIRST FS & LA of MT. VERNON, OH was closed on 1991-08-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST FS&LA OF WOOSTER (WOOSTER, OH). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3170
- FDIC Certificate
- 27842
- FDIC FIN
- 7412
- Bank name
- FIRST FS & LA
- Location
- MT. VERNON, OH
- Failure date
- 1991-08-23
- FDIC resolution date
- 1991-08-23
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $74M
- Assets at failure
- $73M
- Acquiring bank
- FIRST FS&LA OF WOOSTER (WOOSTER, OH)