# PERPETUAL S&LA

> **Failed bank** · RAPID CITY, SD · failed 1981-09-15 · SL · FDIC cost $9M

## What happened

PERPETUAL S&LA of RAPID CITY, SD was closed by state regulators on **1981-09-15**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **FIRST FS&LA OF RAPID CITY** (RAPID CITY, SD). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 605
- **FDIC Certificate:** 31506
- **FDIC FIN:** 0
- **Bank name:** PERPETUAL S&LA
- **Location:** RAPID CITY, SD
- **Failure date:** 1981-09-15
- **FDIC resolution date:** 1981-09-15
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $9M
- **Deposits at failure:** $39M
- **Assets at failure:** $50M
- **Acquiring bank:** FIRST FS&LA OF RAPID CITY (RAPID CITY, SD)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PERPETUAL S&LA (FDIC ID 605), failed 1981-09-15. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/605.

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