# SECURITY FS & LA

> **Failed bank** · RICHMOND, VA · failed 1990-03-02 · SL · FDIC cost $24M

## What happened

SECURITY FS & LA of RICHMOND, VA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $24M
- **Deposits at failure:** $237M
- **Assets at failure:** $342M
- **Acquiring bank:** CRESTAR BANK (RICHMOND, VA)

## Other banks CRESTAR BANK has acquired in FDIC resolutions

- PEIDMONT FSA (MANASSAS, VA) — failed 1992-10-09 — /failed-bank/3381
- PERPETUAL SAVINGS BANK (VIENNA, VA) — failed 1992-01-10 — /failed-bank/3255
- UNITED FSB (VIENNA, VA) — failed 1990-07-31 — /failed-bank/2862
- SEASONS FEDERAL SAVINGS BANK (RICHMOND, VA) — failed 1989-10-19 — /failed-bank/2535

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SECURITY FS & LA (FDIC ID 2684), failed 1990-03-02. Retrieved via AI Analytics 2026-07-13 from https://api.ai-analytics.org/failed-bank/2684.

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