Bank failure · VA

First Security Bank (Roanoke, VA) — failed May 24, 1991

First Security Bank of Roanoke, Virginia was closed on May 24, 1991 and resolved through a insured deposit transfer. First Century Bank (VA) took over its insured deposits. At failure it held $15.9M in assets and $15.0M in deposits. The FDIC's estimated loss on the failure is $4.5M (28.1% of assets).