Bank failure · VA

Federal Sa of Virginia (Falls Church, VA) — failed April 10, 1992

Federal Sa of Virginia of Falls Church, Virginia was closed on April 10, 1992 and resolved through a purchase and assumption. Fairfax B&tc (VA) took over its insured deposits. At failure it held $31.5M in assets and $29.6M in deposits. The FDIC's estimated loss on the failure is $14.5M (45.9% of assets).