FIRST FS&LA OF NEWPORT NEWS Failed 1983
What happened
FIRST FS&LA OF NEWPORT NEWS of NEWPORT NEWS, VA was closed on 1983-03-05. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to BAY SAVINGS BANK, FSB (NEWPORT NEWS, VA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 760
- FDIC Certificate
- 31258
- FDIC FIN
- 0
- Bank name
- FIRST FS&LA OF NEWPORT NEWS
- Location
- NEWPORT NEWS, VA
- Failure date
- 1983-03-05
- FDIC resolution date
- 1983-03-05
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $86M
- Assets at failure
- $95M
- Acquiring bank
- BAY SAVINGS BANK, FSB (NEWPORT NEWS, VA)