# COMMONWEALTH FSB

> **Failed bank** · MANASSAS, VA · failed 1992-04-03 · Savings bank · FDIC cost $16M

## What happened

COMMONWEALTH FSB of MANASSAS, VA was closed by state regulators on **1992-04-03**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FAIRFAX B&TC** (FAIRFAX, VA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3305
- **FDIC Certificate:** 31453
- **FDIC FIN:** 1274
- **Bank name:** COMMONWEALTH FSB
- **Location:** MANASSAS, VA
- **Failure date:** 1992-04-03
- **FDIC resolution date:** 1994-05-06
- **Charter type:** Savings bank
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $16M
- **Deposits at failure:** $65M
- **Assets at failure:** $73M
- **Acquiring bank:** FAIRFAX B&TC (FAIRFAX, VA)

## Other banks FAIRFAX B&TC has acquired in FDIC resolutions

- FEDERAL SA OF VIRGINIA (FALLS CHURCH, VA) — failed 1992-04-10 — /failed-bank/3310

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COMMONWEALTH FSB (FDIC ID 3305), failed 1992-04-03. Retrieved via AI Analytics 2026-06-24 from https://api.ai-analytics.org/failed-bank/3305.

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