Lincoln Savings and Loan

Lincoln Savings and Loan was a financial institution specializing in savings accounts and home loans. In the 1980s, it faced financial difficulties due to risky investments and deregulation, leading to fraud and mismanagement. The government seized the bank in 1989 to protect depositors, and it was later sold to another bank. The crisis highlighted the need for increased oversight of savings institutions. Lincoln Savings’ failure contributed to the savings and loan crisis, a significant financial scandal that resulted in reforms to prevent similar issues in the future.