Data / Bank failures / 1991 / United FS & La
United FS & La, Smyrna, GA: failed May 31, 1991
United FS & La in Smyrna, Georgia, failed on May 31, 1991. It held $119.3 million in assets and $106 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $11 million (9.2% of its assets). By assets it was the 114th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- May 31, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- None, NA
- Total assets
- $119,333,000
- Total deposits
- $106,033,000
- Estimated cost to the FDIC
- $10,985,617 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 31274
Other bank failures in Georgia, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First FSB of Georgia, FA | Winder | November 6, 1992 | $108.2 million | $97.5 million | $4.4 million | |
| Southern Fsa of Georgia | Atlanta | July 10, 1992 | $160 million | $151.4 million | $8.4 million | |
| First Community Bank of Cherokee | Woodstock | March 31, 1992 | $35.6 million | $33.7 million | $6.9 million | Etowah Bank |
| The Citizens Bank | Dallas | January 10, 1992 | $60.6 million | $59.1 million | $12.7 million | First NB of Paulding Cou |
| Cobb Fsa | Marietta | November 8, 1991 | $83.2 million | $82.8 million | $25.5 million | First Union NB of Ga |
| Guaranty Fsa | Warner Robins | May 10, 1991 | $25.6 million | $23.6 million | $9.8 million | Crossroads Bank of Ga |
| First Federal SB, FSB | Ashburn | April 5, 1991 | $30.2 million | $30.6 million | $2.7 million | |
| The Federal SB, FSB | Swainsboro | March 22, 1991 | $150.9 million | $131.2 million | $46.3 million |
All bank failures in 1991 · All bank failures in Georgia · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. 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.