# VIRGINIA FS&LA

> **Failed bank** · RICHMOND, VA · failed 1988-12-23 · SL · FDIC cost $14M

## What happened

VIRGINIA FS&LA of RICHMOND, VA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $14M
- **Deposits at failure:** $517M
- **Assets at failure:** $679M
- **Acquiring bank:** VIRGINIA FSB (RICHMOND, VA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, VIRGINIA FS&LA (FDIC ID 2034), failed 1988-12-23. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/2034.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*