UNITED FSB Failed 1990
What happened
UNITED FSB of VIENNA, VA was closed on 1990-07-31. 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
- 2862
- FDIC Certificate
- 31444
- FDIC FIN
- 2111
- Bank name
- UNITED FSB
- Location
- VIENNA, VA
- Failure date
- 1990-07-31
- FDIC resolution date
- 1991-09-20
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $135M
- Deposits at failure
- $353M
- Assets at failure
- $416M
- Acquiring bank
- CRESTAR BANK (RICHMOND, VA)
Other banks CRESTAR BANK acquired in FDIC resolutions