PENINSULA FS&LA Failed 1983
What happened
PENINSULA FS&LA 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
- 761
- FDIC Certificate
- 31306
- FDIC FIN
- 0
- Bank name
- PENINSULA FS&LA
- 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.)
- $2M
- Deposits at failure
- $76M
- Assets at failure
- $96M
- Acquiring bank
- BAY SAVINGS BANK FSB (NEWPORT NEWS, VA)