Bank failure · AL
Tuskegee S & LA (Tuskegee, AL) — failed November 30, 1990
Tuskegee S & LA of Tuskegee, Alabama was closed on November 30, 1990 and resolved through a purchase and assumption. First Tuskegee Bank (AL) took over its insured deposits. At failure it held $31.8M in assets and $28.5M in deposits. The FDIC's estimated loss on the failure is $15.3M (48.0% of assets).
- Closing date
- November 30, 1990
- FDIC certificate #
- 30122
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Tuskegee Bank
- Insurance fund
- RTC
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