BIRMINGHAM FSB Failed 1992
What happened
BIRMINGHAM FSB of BIRMINGHAM, AL was closed on 1992-08-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST COMMERCIAL BANK (BIRMINGHAM, AL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3367
- FDIC Certificate
- 28078
- FDIC FIN
- 1227
- Bank name
- BIRMINGHAM FSB
- Location
- BIRMINGHAM, AL
- Failure date
- 1992-08-21
- FDIC resolution date
- 1993-08-06
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $82M
- Assets at failure
- $92M
- Acquiring bank
- FIRST COMMERCIAL BANK (BIRMINGHAM, AL)