# FIRST FS&LA OF NEWPORT NEWS

> **Failed bank** · NEWPORT NEWS, VA · failed 1983-03-05 · SL · FDIC cost $4M

## What happened

FIRST FS&LA OF NEWPORT NEWS of NEWPORT NEWS, VA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $86M
- **Assets at failure:** $95M
- **Acquiring bank:** BAY SAVINGS BANK, FSB (NEWPORT NEWS, VA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FS&LA OF NEWPORT NEWS (FDIC ID 760), failed 1983-03-05. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/760.

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