GEM FS&LA Failed 1983
What happened
GEM FS&LA of NORWOOD, OH was closed on 1983-03-01. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to GEM SA (DAYTON, OH). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 757
- FDIC Certificate
- 27823
- FDIC FIN
- 0
- Bank name
- GEM FS&LA
- Location
- NORWOOD, OH
- Failure date
- 1983-03-01
- FDIC resolution date
- 1983-03-01
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $11M
- Assets at failure
- $17M
- Acquiring bank
- GEM SA (DAYTON, OH)
Other banks GEM SA acquired in FDIC resolutions