Bank failure · MI
Family Fs&la (Saginaw, MI) — failed October 31, 1986
Family Fs&la of Saginaw, Michigan was closed on October 31, 1986 and resolved through a a/a. Heritage FSB (MI) took over its insured deposits. At failure it held $338.9M in assets and $354.9M in deposits. The FDIC's estimated loss on the failure is $17.2M (5.1% of assets).
- Closing date
- October 31, 1986
- FDIC certificate #
- 27649
- Resolution
- A/A (assistance)
- Acquiring institution
- Heritage FSB
- Insurance fund
- FSLIC
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