IMPERIAL SAVINGS AND LOAN ASSOCIATION Failed 2010
What happened
IMPERIAL SAVINGS AND LOAN ASSOCIATION of MARTINSVILLE, VA was closed on 2010-08-20. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to RIVER COMMUNITY BANK, NATIONAL ASSOCIATION (MARTINSVILLE, VA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3849
- FDIC Certificate
- 31623
- FDIC FIN
- 10280
- Bank name
- IMPERIAL SAVINGS AND LOAN ASSOCIATION
- Location
- MARTINSVILLE, VA
- Failure date
- 2010-08-20
- FDIC resolution date
- 2010-08-20
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $10M
- Assets at failure
- $9M
- Acquiring bank
- RIVER COMMUNITY BANK, NATIONAL ASSOCIATION (MARTINSVILLE, VA)