Bank failure · WV

Evergreen Fs & LA (Charleston, WV) — failed September 13, 1991

Evergreen Fs & LA of Charleston, West Virginia was closed on September 13, 1991 and resolved through a purchase and assumption. Merchants Nb of Montgomery (WV) took over its insured deposits. At failure it held $40.3M in assets and $35.0M in deposits. The FDIC's estimated loss on the failure is $3.6M (8.9% of assets).