SHENANDOAH FSA Failed 1992
What happened
SHENANDOAH FSA of MARTINSBURG, WV was closed on 1992-05-08. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BLUE RIDGE BANK (MARTINSBURG, WV). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3325
- FDIC Certificate
- 31664
- FDIC FIN
- 1241
- Bank name
- SHENANDOAH FSA
- Location
- MARTINSBURG, WV
- Failure date
- 1992-05-08
- FDIC resolution date
- 1993-10-15
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $69M
- Assets at failure
- $94M
- Acquiring bank
- BLUE RIDGE BANK (MARTINSBURG, WV)