# SAILORS & MERCHANTS B&T CO.

> **Failed bank** · VIENNA, VA · failed 1992-12-11 · State commercial bank, Federal Reserve member · FDIC cost $5M

## What happened

SAILORS & MERCHANTS B&T CO. of VIENNA, VA was closed by state regulators on **1992-12-11**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIRST UNION BANK OF VIRG** (VIENNA, VA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3430
- **FDIC Certificate:** 25306
- **FDIC FIN:** 4554
- **Bank name:** SAILORS & MERCHANTS B&T CO.
- **Location:** VIENNA, VA
- **Failure date:** 1992-12-11
- **FDIC resolution date:** 1992-12-11
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $34M
- **Assets at failure:** $35M
- **Acquiring bank:** FIRST UNION BANK OF VIRG (VIENNA, VA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SAILORS%20%26%20MERCHANTS%20B%26T%20CO.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SAILORS & MERCHANTS B&T CO. (FDIC ID 3430), failed 1992-12-11. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/3430.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*