SCANDIA S&LA Failed 1984

What happened

SCANDIA S&LA of DES MOINES, IA was closed on 1984-04-01. The FDIC was named receiver.

Resolution: A/A

Deposits were transferred to FIRST FINANCIAL S&LA (DES MOINES, IA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

859

FDIC Certificate

30911

FDIC FIN

0

Bank name

SCANDIA S&LA

Location

DES MOINES, IA

Failure date

1984-04-01

FDIC resolution date

1984-04-01

Charter type

SL

Resolution type

A/A

FDIC DIF cost (est.)

$3M

Deposits at failure

$66M

Assets at failure

$65M

Acquiring bank

FIRST FINANCIAL S&LA (DES MOINES, IA)