Bank failure · VA

First Fs&la of Suffolk (Suffolk, VA) — failed August 6, 1982

First Fs&la of Suffolk of Suffolk, Virginia was closed on August 6, 1982 and resolved through a a/a. Citizens S&la Fa (VA) took over its insured deposits. At failure it held $102.7M in assets and $81.6M in deposits. The FDIC's estimated loss on the failure is $18.7M (18.2% of assets).