# COMMUNITY FS&LA

> **Failed bank** · WASHINGTON, DC · failed 1981-06-21 · SL · FDIC cost $3M

## What happened

COMMUNITY FS&LA of WASHINGTON, DC was closed by state regulators on **1981-06-21**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **INDEPENDENCE FS&LA** (WASHINGTON, DC). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 597
- **FDIC Certificate:** 31705
- **FDIC FIN:** 1610
- **Bank name:** COMMUNITY FS&LA
- **Location:** WASHINGTON, DC
- **Failure date:** 1981-06-21
- **FDIC resolution date:** 1981-06-21
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $21M
- **Assets at failure:** $23M
- **Acquiring bank:** INDEPENDENCE FS&LA (WASHINGTON, DC)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COMMUNITY FS&LA (FDIC ID 597), failed 1981-06-21. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/597.

---

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