HOME FSB Failed 1992
What happened
HOME FSB of NORFOLK, VA was closed on 1992-07-10. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HOME SB, FSB (NORFOLK, VA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3357
- FDIC Certificate
- 30091
- FDIC FIN
- 1305
- Bank name
- HOME FSB
- Location
- NORFOLK, VA
- Failure date
- 1992-07-10
- FDIC resolution date
- 1994-09-30
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $43M
- Deposits at failure
- $195M
- Assets at failure
- $224M
- Acquiring bank
- HOME SB, FSB (NORFOLK, VA)