Bank failure · FL

Washington Fs&la (Miami Beach, FL) — failed September 8, 1981

Washington Fs&la of Miami Beach, Florida was closed on September 8, 1981 and resolved through a a/a. Citizens Savings (CA) took over its insured deposits. At failure it held $1.2B in assets and $913.5M in deposits. The FDIC's estimated loss on the failure is $147.2M (12.3% of assets).