Bank failure · DC

Community Fs&la (Washington, DC) — failed June 21, 1981

Community Fs&la of Washington, District of Columbia was closed on June 21, 1981 and resolved through a a/a. Independence Fs&la (DC) took over its insured deposits. At failure it held $22.9M in assets and $21.1M in deposits. The FDIC's estimated loss on the failure is $2.5M (11.0% of assets).