Bank failure · SC

Standard Fs & LA (Columbia, SC) — failed August 2, 1991

Standard Fs & LA of Columbia, South Carolina was closed on August 2, 1991 and resolved through a purchase and assumption. Nb of South Carolina (SC) took over its insured deposits. At failure it held $319.7M in assets and $280.7M in deposits. The FDIC's estimated loss on the failure is $2.7M (0.8% of assets).