WASHINGTON FS&LA Failed 1981
What happened
WASHINGTON FS&LA of MIAMI BEACH, FL was closed on 1981-09-08. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to CITIZENS SAVINGS (SAN FRANCISCO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 604
- FDIC Certificate
- 30603
- FDIC FIN
- 1612
- Bank name
- WASHINGTON FS&LA
- Location
- MIAMI BEACH, FL
- Failure date
- 1981-09-08
- FDIC resolution date
- 1981-09-08
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $147M
- Deposits at failure
- $914M
- Assets at failure
- $1,202M
- Acquiring bank
- CITIZENS SAVINGS (SAN FRANCISCO, CA)
Other banks CITIZENS SAVINGS acquired in FDIC resolutions