Bank failure · VA
First Fs&la of Newport News (Newport News, VA) — failed March 5, 1983
First Fs&la of Newport News of Newport News, Virginia was closed on March 5, 1983 and resolved through a a/a. Bay Savings Bank, FSB (VA) took over its insured deposits. At failure it held $94.6M in assets and $86.3M in deposits. The FDIC's estimated loss on the failure is $4.4M (4.6% of assets).
- Closing date
- March 5, 1983
- FDIC certificate #
- 31258
- Resolution
- A/A (assistance)
- Acquiring institution
- Bay Savings Bank, FSB
- Insurance fund
- FSLIC
Other failures in 1983
- First Fs&la of Monroeville AL
- Citizens S&la OH
- The Bank of Red Oak OK
- Bank of Hackleburg AL
- Union Trust Company PR
- Metro Fs&la LA
- Bohemian S&la MO
- Atkinson Trust & Savings Bank IL
- First Fs&la of Ft. Wayne IN
- South Bend Fs&la IN
- Ft. Wayne Fs&la IN
- American Fs&la IN
- First Nat Bk of Browning MT
- State of Clovis, Sa NM
- Cleveland Community Savings Co. OH
- First Carolina Fs&la SC
- The First Nat Bk of Midland TX
- The Deschutes Bank OR
- Auburn Savings Bank NY
- Dominion Bk of Denver CO
- National Bk of Odessa TX
- Bastrop Fs&la LA
- Security S&la LA
- Warren County Bank TN