Bank failure · AL
Altus FSB (Mobile, AL) — failed May 17, 1991
Altus FSB of Mobile, Alabama was closed on May 17, 1991 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $2.0B in assets and $1.2B in deposits. The FDIC's estimated loss on the failure is $71.2M (3.6% of assets).
- Closing date
- May 17, 1991
- FDIC certificate #
- 29002
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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