GEORGE WASHINGTON FSA Failed 1991
What happened
GEORGE WASHINGTON FSA of JONESBOROUGH, TN was closed on 1991-02-01. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HOME FS&LA OF UPPER E. TN (JOHNSON CITY, TN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3009
- FDIC Certificate
- 31859
- FDIC FIN
- 7343
- Bank name
- GEORGE WASHINGTON FSA
- Location
- JONESBOROUGH, TN
- Failure date
- 1991-02-01
- FDIC resolution date
- 1991-07-05
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $13M
- Assets at failure
- $15M
- Acquiring bank
- HOME FS&LA OF UPPER E. TN (JOHNSON CITY, TN)