# ARCTIC FS&LA

> **Failed bank** · FAIRBANKS, AK · failed 1981-05-09 · SL · FDIC cost $4M

## What happened

ARCTIC FS&LA of FAIRBANKS, AK was closed by state regulators 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
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $35M
- **Assets at failure:** $41M
- **Acquiring bank:** FIRST FS&LA (ANCHORAGE, AK)

## Other banks FIRST FS&LA has acquired in FDIC resolutions

- FIRST FS&LA OF JACKSONVILLE (JACKSONVILLE, FL) — failed 1988-12-30 — /failed-bank/2056
- FIRST OF LONGVIEW (LONGVIEW, WA) — failed 1988-08-02 — /failed-bank/1847

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=ARCTIC%20FS%26LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, ARCTIC FS&LA (FDIC ID 592), failed 1981-05-09. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/592.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*