Bank failure · CO
American Fs & LA of Colorado (Colorado Springs, CO) — failed April 6, 1989
American Fs & LA of Colorado of Colorado Springs, Colorado was closed on April 6, 1989 and resolved through a purchase and assumption. World S&la (CA) took over its insured deposits. At failure it held $720.4M in assets and $681.0M in deposits. The FDIC's estimated loss on the failure is $443.5M (61.6% of assets).
- Closing date
- April 6, 1989
- FDIC certificate #
- 29073
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- World S&la
- Insurance fund
- RTC
Other failures in 1989
- Silver Savings Assoc. NM
- Columbia Fsa TX
- First City National Bank and Trust NY
- United Community Bank CA
- First American Bank and Trust FL
- Yorkridge-Calvert Federal Savings MD
- First Acadiana Bank LA
- Red River S & L Assoc. LA
- Louisiana Savings Assn. LA
- North Side State Bank OK
- Canyon Lake Bank TX
- City National Bank of Sayre OK
- Midlothian National Bank TX
- First Bank, Pineville, Louisiana LA
- Orange State Bank FL
- Atlantic Permanent Federal VA
- City Savings, FSB NJ
- Atlantic National Bank VA
- Westheimer Memorial Bank, NA TX
- First Commerce National Bank AZ
- Aledo State Bank TX
- First National Bank of Frisco TX
- The Garnett S & L Assoc. KS
- Arlington Heights Savings Assoc. IL