VIRGINIA FS&LA Failed 1988
What happened
VIRGINIA FS&LA of RICHMOND, VA was closed on 1988-12-23. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to VIRGINIA FSB (RICHMOND, VA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2034
- FDIC Certificate
- 29447
- FDIC FIN
- 1773
- Bank name
- VIRGINIA FS&LA
- Location
- RICHMOND, VA
- Failure date
- 1988-12-23
- FDIC resolution date
- 1988-12-23
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $14M
- Deposits at failure
- $517M
- Assets at failure
- $679M
- Acquiring bank
- VIRGINIA FSB (RICHMOND, VA)