Bank failure · VA
American Fs&la (Lynchburg, VA) — failed December 31, 1987
American Fs&la of Lynchburg, Virginia was closed on December 31, 1987 and resolved through a a/a. First Federal of Roanoke (VA) took over its insured deposits. At failure it held $166.5M in assets and $196.7M in deposits. The FDIC's estimated loss on the failure is $44.5M (26.7% of assets).
- Closing date
- December 31, 1987
- FDIC certificate #
- 28544
- Resolution
- A/A (assistance)
- Acquiring institution
- First Federal of Roanoke
- Insurance fund
- FSLIC
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