Bank failure · GA
Fulton Federal Savings Bank (Atlanta, GA) — failed January 4, 1991
Fulton Federal Savings Bank of Atlanta, Georgia was closed on January 4, 1991 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $2.0B in assets and $1.4B in deposits. The FDIC's estimated loss on the failure is $80.6M (4.0% of assets).
- Closing date
- January 4, 1991
- FDIC certificate #
- 28767
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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