FIRST FS&LA OF SUFFOLK Failed 1982

What happened

FIRST FS&LA OF SUFFOLK of SUFFOLK, VA was closed on 1982-08-06. The FDIC was named receiver.

Resolution: A/A

Deposits were transferred to CITIZENS S&LA FA (RICHMOND, VA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

693

FDIC Certificate

30796

FDIC FIN

1628

Bank name

FIRST FS&LA OF SUFFOLK

Location

SUFFOLK, VA

Failure date

1982-08-06

FDIC resolution date

1982-08-06

Charter type

SL

Resolution type

A/A

FDIC DIF cost (est.)

$19M

Deposits at failure

$82M

Assets at failure

$103M

Acquiring bank

CITIZENS S&LA FA (RICHMOND, VA)