# GEORGE WASHINGTON FSA

> **Failed bank** · JONESBOROUGH, TN · failed 1991-02-01 · SL · FDIC cost $1M

## What happened

GEORGE WASHINGTON FSA of JONESBOROUGH, TN was closed by state regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $13M
- **Assets at failure:** $15M
- **Acquiring bank:** HOME FS&LA OF UPPER E. TN (JOHNSON CITY, TN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=GEORGE%20WASHINGTON%20FSA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GEORGE WASHINGTON FSA (FDIC ID 3009), failed 1991-02-01. Retrieved via AI Analytics 2026-07-13 from https://api.ai-analytics.org/failed-bank/3009.

---

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