Bank failure · WA

Family S & LA (Seattle, WA) — failed February 8, 1991

Family S & LA of Seattle, Washington was closed on February 8, 1991 and resolved through a purchase and assumption. Puget Sound Nb (WA) took over its insured deposits. At failure it held $99.6M in assets and $60.5M in deposits. The FDIC's estimated loss on the failure is $3.6M (3.6% of assets).