Bank failure · WA

Lynnwood S&la (Lynnwood, WA) — failed June 24, 1988

Lynnwood S&la of Lynnwood, Washington was closed on June 24, 1988 and resolved through a a/a. World S&la America Fed S&l (WA) took over its insured deposits. At failure it held $24.1M in assets and $24.9M in deposits. The FDIC's estimated loss on the failure is $3.7M (15.2% of assets).