Bank failure · SD

United Fs&la (Aberdeen, SD) — failed December 1, 1988

United Fs&la of Aberdeen, South Dakota was closed on December 1, 1988 and resolved through a a/a. Home Fs&la of Sioux Falls (SD) took over its insured deposits. At failure it held $92.5M in assets and $92.0M in deposits. The FDIC's estimated loss on the failure is $8.0M (8.7% of assets).