PEIDMONT FSA Failed 1992
What happened
PEIDMONT FSA of MANASSAS, VA was closed on 1992-10-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CRESTAR BANK (RICHMOND, VA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3381
- FDIC Certificate
- 28998
- FDIC FIN
- 1278
- Bank name
- PEIDMONT FSA
- Location
- MANASSAS, VA
- Failure date
- 1992-10-09
- FDIC resolution date
- 1994-05-13
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $76M
- Deposits at failure
- $370M
- Assets at failure
- $445M
- Acquiring bank
- CRESTAR BANK (RICHMOND, VA)
Other banks CRESTAR BANK acquired in FDIC resolutions