# PENINSULA FS&LA

> **Failed bank** · NEWPORT NEWS, VA · failed 1983-03-05 · SL · FDIC cost $2M

## What happened

PENINSULA FS&LA 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:** 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $76M
- **Assets at failure:** $96M
- **Acquiring bank:** BAY SAVINGS BANK FSB (NEWPORT NEWS, VA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PENINSULA FS&LA (FDIC ID 761), failed 1983-03-05. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/761.

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