AMERICAN FS&LA Failed 1982
What happened
AMERICAN FS&LA of SOUTHFIELD, MI was closed on 1982-07-30. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to EMPIRE OF AMERICA, FSA (SOUTHFIELD, MI). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 683
- FDIC Certificate
- 30321
- FDIC FIN
- 1626
- Bank name
- AMERICAN FS&LA
- Location
- SOUTHFIELD, MI
- Failure date
- 1982-07-30
- FDIC resolution date
- 1982-07-30
- Charter type
- Savings bank
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $476M
- Assets at failure
- $842M
- Acquiring bank
- EMPIRE OF AMERICA, FSA (SOUTHFIELD, MI)
Other banks EMPIRE OF AMERICA, FSA acquired in FDIC resolutions