Bank failure · GA

First Fs & LA (Dallas, GA) — failed February 22, 1991

First Fs & LA of Dallas, Georgia was closed on February 22, 1991 and resolved through a purchase and assumption. Etowah Bank (GA) took over its insured deposits. At failure it held $37.5M in assets and $36.2M in deposits. The FDIC's estimated loss on the failure is $4.1M (10.9% of assets).