SAVANNAH FS&LA Failed 1984
What happened
SAVANNAH FS&LA of SAVANNAH, TN was closed on 1984-11-16. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to CHARTER FS&LA (BRISTOL, VA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 938
- FDIC Certificate
- 31883
- FDIC FIN
- 0
- Bank name
- SAVANNAH FS&LA
- Location
- SAVANNAH, TN
- Failure date
- 1984-11-16
- FDIC resolution date
- 1985-03-29
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $10M
- Deposits at failure
- $15M
- Assets at failure
- $19M
- Acquiring bank
- CHARTER FS&LA (BRISTOL, VA)
Other banks CHARTER FS&LA acquired in FDIC resolutions