FIRST STANDARD FED. SAVINGS ASSOC. Failed 1990
What happened
FIRST STANDARD FED. SAVINGS ASSOC. of FAIRMONT, WV was closed on 1990-02-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COMMUNITY B&T, NA (FAIRMONT, WV). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2674
- FDIC Certificate
- 30510
- FDIC FIN
- 7155
- Bank name
- FIRST STANDARD FED. SAVINGS ASSOC.
- Location
- FAIRMONT, WV
- Failure date
- 1990-02-23
- FDIC resolution date
- 1990-11-02
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $76M
- Assets at failure
- $78M
- Acquiring bank
- COMMUNITY B&T, NA (FAIRMONT, WV)