# EVERGREEN FS & LA

> **Failed bank** · CHARLESTON, WV · failed 1991-09-13 · Savings bank · FDIC cost $4M

## What happened

EVERGREEN FS & LA of CHARLESTON, WV was closed by state regulators 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
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $35M
- **Assets at failure:** $40M
- **Acquiring bank:** MERCHANTS NB OF MONTGOMERY (MONTGOMERY, WV)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=EVERGREEN%20FS%20%26%20LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, EVERGREEN FS & LA (FDIC ID 3185), failed 1991-09-13. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/3185.

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