# MOUNTAIN STATE FS&LA

> **Failed bank** · CLARKSBURG, WV · failed 1988-02-10 · SL · FDIC cost $22M

## What happened

MOUNTAIN STATE FS&LA of CLARKSBURG, WV was closed by state regulators on **1988-02-10**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **TRADERS FS&LA** (CHARLESTON, WV). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1622
- **FDIC Certificate:** 30823
- **FDIC FIN:** 1722
- **Bank name:** MOUNTAIN STATE FS&LA
- **Location:** CLARKSBURG, WV
- **Failure date:** 1988-02-10
- **FDIC resolution date:** 1988-02-10
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $22M
- **Deposits at failure:** $100M
- **Assets at failure:** $91M
- **Acquiring bank:** TRADERS FS&LA (CHARLESTON, WV)

## Other banks TRADERS FS&LA has acquired in FDIC resolutions

- MAGNET BANK FSB (CHARLESTON, WV) — failed 1988-02-10 — /failed-bank/1621

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=MOUNTAIN%20STATE%20FS%26LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MOUNTAIN STATE FS&LA (FDIC ID 1622), failed 1988-02-10. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/1622.

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