EVERGREEN FS & LA Failed 1991
What happened
EVERGREEN FS & LA of CHARLESTON, WV was closed on 1991-09-13. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to MERCHANTS NB OF MONTGOMERY (MONTGOMERY, WV). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3185
- FDIC Certificate
- 28177
- FDIC FIN
- 1235
- Bank name
- EVERGREEN FS & LA
- Location
- CHARLESTON, WV
- Failure date
- 1991-09-13
- FDIC resolution date
- 1993-09-17
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $35M
- Assets at failure
- $40M
- Acquiring bank
- MERCHANTS NB OF MONTGOMERY (MONTGOMERY, WV)