Bank failure · VA

Family Fs&la (Springfield, VA) — failed September 27, 1985

Family Fs&la of Springfield, Virginia was closed on September 27, 1985 and resolved through a a/a. Columbia First Fs&la (DC) took over its insured deposits. At failure it held $57.1M in assets and $71.2M in deposits. The FDIC's estimated loss on the failure is $776K (1.4% of assets).