# FIRST FS&LA OF SIOUX FALLS

> **Failed bank** · SIOUX FALLS, SD · failed 1982-09-20 · SL · FDIC cost $3M

## What happened

FIRST FS&LA OF SIOUX FALLS of SIOUX FALLS, SD was closed by state regulators on **1982-09-20**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **FIRST DAKOTA HOME S&LA** (SIOUX FALLS, SD). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 706
- **FDIC Certificate:** 30549
- **FDIC FIN:** 0
- **Bank name:** FIRST FS&LA OF SIOUX FALLS
- **Location:** SIOUX FALLS, SD
- **Failure date:** 1982-09-20
- **FDIC resolution date:** 1982-09-20
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $74M
- **Assets at failure:** $78M
- **Acquiring bank:** FIRST DAKOTA HOME S&LA (SIOUX FALLS, SD)

## Other banks FIRST DAKOTA HOME S&LA has acquired in FDIC resolutions

- FIRST DAKOTA HOME S&LA (PIERRE, SD) — failed 1982-09-20 — /failed-bank/707

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FS&LA OF SIOUX FALLS (FDIC ID 706), failed 1982-09-20. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/706.

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