# FIRST STANDARD FED. SAVINGS ASSOC.

> **Failed bank** · FAIRMONT, WV · failed 1990-02-23 · SL · FDIC cost $0M

## What happened

FIRST STANDARD FED. SAVINGS ASSOC. of FAIRMONT, WV was closed by state regulators 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
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $76M
- **Assets at failure:** $78M
- **Acquiring bank:** COMMUNITY B&T, NA (FAIRMONT, WV)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20STANDARD%20FED.%20SAVINGS%20ASSOC.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST STANDARD FED. SAVINGS ASSOC. (FDIC ID 2674), failed 1990-02-23. Retrieved via AI Analytics 2026-07-07 from https://api.ai-analytics.org/failed-bank/2674.

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