# FIRST FS & LA

> **Failed bank** · MT. VERNON, OH · failed 1991-08-23 · SL · FDIC cost $0M

## What happened

FIRST FS & LA of MT. VERNON, OH was closed by state regulators 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
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $74M
- **Assets at failure:** $73M
- **Acquiring bank:** FIRST FS&LA OF WOOSTER (WOOSTER, OH)

## 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 3170), failed 1991-08-23. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3170.

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