INVESTORS FSB Failed 1991
What happened
INVESTORS FSB of RICHMOND, VA was closed on 1991-12-13. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CENTRAL FIDELITY BANK (RICHMOND, VA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3250
- FDIC Certificate
- 31724
- FDIC FIN
- 1215
- Bank name
- INVESTORS FSB
- Location
- RICHMOND, VA
- Failure date
- 1991-12-13
- FDIC resolution date
- 1992-07-10
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $471M
- Deposits at failure
- $1,431M
- Assets at failure
- $2,058M
- Acquiring bank
- CENTRAL FIDELITY BANK (RICHMOND, VA)