# IMPERIAL SAVINGS AND LOAN ASSOCIATION

> **Failed bank** · MARTINSVILLE, VA · failed 2010-08-20 · SL · FDIC cost $5M

## What happened

IMPERIAL SAVINGS AND LOAN ASSOCIATION of MARTINSVILLE, VA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $10M
- **Assets at failure:** $9M
- **Acquiring bank:** RIVER COMMUNITY BANK, NATIONAL ASSOCIATION (MARTINSVILLE, VA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=IMPERIAL%20SAVINGS%20AND%20LOAN%20ASSOCIATION

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, IMPERIAL SAVINGS AND LOAN ASSOCIATION (FDIC ID 3849), failed 2010-08-20. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3849.

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