ARCTIC FS&LA Failed 1981
What happened
ARCTIC FS&LA of FAIRBANKS, AK was closed on 1981-05-09. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to FIRST FS&LA (ANCHORAGE, AK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 592
- FDIC Certificate
- 31017
- FDIC FIN
- 0
- Bank name
- ARCTIC FS&LA
- Location
- FAIRBANKS, AK
- Failure date
- 1981-05-09
- FDIC resolution date
- 1981-05-09
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $35M
- Assets at failure
- $41M
- Acquiring bank
- FIRST FS&LA (ANCHORAGE, AK)
Other banks FIRST FS&LA acquired in FDIC resolutions