# AMERICAN FS&LA

> **Failed bank** · SOUTHFIELD, MI · failed 1982-07-30 · Savings bank · FDIC cost $3M

## What happened

AMERICAN FS&LA of SOUTHFIELD, MI was closed by state regulators 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
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $476M
- **Assets at failure:** $842M
- **Acquiring bank:** EMPIRE OF AMERICA, FSA (SOUTHFIELD, MI)

## Other banks EMPIRE OF AMERICA, FSA has acquired in FDIC resolutions

- METROPOLITAN SA (FARMINGTON, MI) — failed 1983-02-12 — /failed-bank/751
- FIRST OF MID FLORIDA (DELAND, FL) — failed 1982-07-30 — /failed-bank/682

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, AMERICAN FS&LA (FDIC ID 683), failed 1982-07-30. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/683.

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