HERITAGE SAVINGS BANK, FSB Failed 1990

RICHMOND, VA · Savings bank · view on FDIC BankFind ↗

What happened

HERITAGE SAVINGS BANK, FSB of RICHMOND, VA was closed on 1990-10-19. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to CRFC INTERIM SB (CRESTAR BA (RICHMOND, VA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2922
FDIC Certificate
31518
FDIC FIN
7344
Bank name
HERITAGE SAVINGS BANK, FSB
Location
RICHMOND, VA
Failure date
1990-10-19
FDIC resolution date
1991-07-05
Charter type
Savings bank
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$124M
Deposits at failure
$726M
Assets at failure
$889M
Acquiring bank
CRFC INTERIM SB (CRESTAR BA (RICHMOND, VA)