Bank failure · AL

Birmingham FSB (Birmingham, AL) — failed August 21, 1992

Birmingham FSB of Birmingham, Alabama was closed on August 21, 1992 and resolved through a purchase and assumption. First Commercial Bank (AL) took over its insured deposits. At failure it held $91.8M in assets and $82.1M in deposits. The FDIC's estimated loss on the failure is $3.4M (3.7% of assets).