Bank failure · GA
United Fs & LA (Smyrna, GA) — failed May 31, 1991
United Fs & LA of Smyrna, Georgia was closed on May 31, 1991 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $119.3M in assets and $106.0M in deposits. The FDIC's estimated loss on the failure is $11.0M (9.2% of assets).
- Closing date
- May 31, 1991
- FDIC certificate #
- 31274
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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