FIRST OF NILES FS&LA Failed 1980
What happened
FIRST OF NILES FS&LA of NILES, MI was closed on 1980-10-14. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to STANDARD FS&LA (TROY, MI). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 581
- FDIC Certificate
- 29504
- FDIC FIN
- 1605
- Bank name
- FIRST OF NILES FS&LA
- Location
- NILES, MI
- Failure date
- 1980-10-14
- FDIC resolution date
- 1980-10-14
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $13M
- Deposits at failure
- $120M
- Assets at failure
- $132M
- Acquiring bank
- STANDARD FS&LA (TROY, MI)
Other banks STANDARD FS&LA acquired in FDIC resolutions