Data / Bank failures / 1991 / Family S & La
Family S & La, Seattle, WA: failed February 8, 1991
Family S & La in Seattle, Washington, failed on February 8, 1991. Puget Sound NB of Tacoma, WA, took over its deposits. It held $99.6 million in assets and $60.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3.6 million (3.6% of its assets). By assets it was the 126th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- February 8, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Puget Sound NB, Tacoma, WA
- Total assets
- $99,576,000
- Total deposits
- $60,452,000
- Estimated cost to the FDIC
- $3,620,711 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 31719
Other bank failures in Washington, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Emerald City Bank | Seattle | July 2, 1993 | $7.8 million | $7.2 million | $1.1 million | Key Bank of Washington |
| Frontier FS & La | Walla Walla | February 23, 1990 | $146.9 million | $120 million | $9,856 | Washington Mutual |
| Gibraltar Savings Bank, FSB | Seattle | March 31, 1989 | $1.68 billion | $1.37 billion | $59,301 |
All bank failures in 1991 · All bank failures in Washington · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.