FIRST FSA Failed 1992
What happened
FIRST FSA of LEWISTON, ME was closed on 1992-05-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to KINGFIELD SB (KINGFIELD, ME). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3327
- FDIC Certificate
- 29650
- FDIC FIN
- 1253
- Bank name
- FIRST FSA
- Location
- LEWISTON, ME
- Failure date
- 1992-05-21
- FDIC resolution date
- 1994-03-18
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $12M
- Deposits at failure
- $76M
- Assets at failure
- $83M
- Acquiring bank
- KINGFIELD SB (KINGFIELD, ME)