Bank failure · WA

First of Longview (Longview, WA) — failed August 2, 1988

First of Longview of Longview, Washington was closed on August 2, 1988 and resolved through a a/a. First Fs&la (WA) took over its insured deposits. At failure it held $78.1M in assets and $76.3M in deposits. The FDIC's estimated loss on the failure is $13.6M (17.4% of assets).