# WASHINGTON FS&LA

> **Failed bank** · MIAMI BEACH, FL · failed 1981-09-08 · SL · FDIC cost $147M

## What happened

WASHINGTON FS&LA of MIAMI BEACH, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $147M
- **Deposits at failure:** $914M
- **Assets at failure:** $1,202M
- **Acquiring bank:** CITIZENS SAVINGS (SAN FRANCISCO, CA)

## Other banks CITIZENS SAVINGS has acquired in FDIC resolutions

- AMERICAN SB (SPRINGFIELD, IL) — failed 1988-12-29 — /failed-bank/2043
- WEST SIDE FS&LA (NEW YORK, NY) — failed 1981-09-08 — /failed-bank/601

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, WASHINGTON FS&LA (FDIC ID 604), failed 1981-09-08. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/604.

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