# PEIDMONT FSA

> **Failed bank** · MANASSAS, VA · failed 1992-10-09 · Savings bank · FDIC cost $76M

## What happened

PEIDMONT FSA of MANASSAS, VA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $76M
- **Deposits at failure:** $370M
- **Assets at failure:** $445M
- **Acquiring bank:** CRESTAR BANK (RICHMOND, VA)

## Other banks CRESTAR BANK has acquired in FDIC resolutions

- PERPETUAL SAVINGS BANK (VIENNA, VA) — failed 1992-01-10 — /failed-bank/3255
- UNITED FSB (VIENNA, VA) — failed 1990-07-31 — /failed-bank/2862
- SECURITY FS & LA (RICHMOND, VA) — failed 1990-03-02 — /failed-bank/2684
- SEASONS FEDERAL SAVINGS BANK (RICHMOND, VA) — failed 1989-10-19 — /failed-bank/2535

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PEIDMONT FSA (FDIC ID 3381), failed 1992-10-09. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/failed-bank/3381.

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