# FIRST FS&LA OF SUFFOLK

> **Failed bank** · SUFFOLK, VA · failed 1982-08-06 · SL · FDIC cost $19M

## What happened

FIRST FS&LA OF SUFFOLK of SUFFOLK, VA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $19M
- **Deposits at failure:** $82M
- **Assets at failure:** $103M
- **Acquiring bank:** CITIZENS S&LA FA (RICHMOND, VA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20FS%26LA%20OF%20SUFFOLK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FS&LA OF SUFFOLK (FDIC ID 693), failed 1982-08-06. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/693.

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