Bank failure · MI

Muskegon Fs&la (Muskegon, MI) — failed June 2, 1988

Muskegon Fs&la of Muskegon, Michigan was closed on June 2, 1988 and resolved through a a/a. Muskegon Fs&la (MI) took over its insured deposits. At failure it held $204.6M in assets and $196.0M in deposits. The FDIC's estimated loss on the failure is $2.0M (1.0% of assets).