LEWIS COUNTY SAVINGS AND LOAN CO Failed 1989

WESTON, WV · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

LEWIS COUNTY SAVINGS AND LOAN CO of WESTON, WV was closed on 1989-05-12. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to COMMUNITY BANK & TRUST, NAT (FAIRMONT, WV). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2370
FDIC Certificate
26636
FDIC FIN
4016
Bank name
LEWIS COUNTY SAVINGS AND LOAN CO
Location
WESTON, WV
Failure date
1989-05-12
FDIC resolution date
1989-05-12
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$0M
Deposits at failure
$4M
Assets at failure
$4M
Acquiring bank
COMMUNITY BANK & TRUST, NAT (FAIRMONT, WV)