SECURITY FS & LA Failed 1990
What happened
SECURITY FS & LA of RICHMOND, VA was closed on 1990-03-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CRESTAR BANK (RICHMOND, VA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2684
- FDIC Certificate
- 30752
- FDIC FIN
- 7190
- Bank name
- SECURITY FS & LA
- Location
- RICHMOND, VA
- Failure date
- 1990-03-02
- FDIC resolution date
- 1990-09-28
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $24M
- Deposits at failure
- $237M
- Assets at failure
- $342M
- Acquiring bank
- CRESTAR BANK (RICHMOND, VA)
Other banks CRESTAR BANK acquired in FDIC resolutions