Data / Bank failures / 1985 / Usm (u.s. Mutual) S&LA
Usm (u.s. Mutual) S&LA, Ann Arbor, MI: failed November 26, 1985
Usm (u.s. Mutual) S&LA in Ann Arbor, Michigan, failed on November 26, 1985. Great Lakes Bancorp of Ann Arbor, MI, took over its deposits. It held $306.1 million in assets and $287 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $31.1 million (10.2% of its assets). By assets it was the 23rd largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- November 26, 1985
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Acquirer
- Great Lakes Bancorp, Ann Arbor, MI
- Total assets
- $306,069,000
- Total deposits
- $286,973,000
- Estimated cost to the FDIC
- $31,088,520 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31761
Other bank failures in Michigan, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Family FS&LA (assistance) | Saginaw | October 31, 1986 | $338.9 million | $354.9 million | $17.2 million | Heritage FSB |
| National Bank and Trust Company of Travers | Traverse City | March 9, 1984 | $104 million | $97.8 million | $12.2 million | NBD Northwest Bank NA |
| Guaranty FS&LA (assistance) | Taylor | July 22, 1983 | $143.4 million | $133.5 million | $1 million | Guaranty FS&LA |
| Metropolitan Sa (assistance) | Farmington | February 12, 1983 | $395.9 million | $254 million | $1.5 million | Empire of America, Fsa |
All bank failures in 1985 · All bank failures in Michigan · 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.