THE WASHINGTON BANK Failed 1992
What happened
THE WASHINGTON BANK of FAIRFAX COUNTY, VA was closed on 1992-09-18. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to GEORGE MASON BANK (FAIRFAX, VA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3373
- FDIC Certificate
- 21181
- FDIC FIN
- 4514
- Bank name
- THE WASHINGTON BANK
- Location
- FAIRFAX COUNTY, VA
- Failure date
- 1992-09-18
- FDIC resolution date
- 1992-09-18
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $28M
- Assets at failure
- $28M
- Acquiring bank
- GEORGE MASON BANK (FAIRFAX, VA)