Bank failure · WV

First Standard Fed. Savings Assoc. (Fairmont, WV) — failed February 23, 1990

First Standard Fed. Savings Assoc. of Fairmont, West Virginia was closed on February 23, 1990 and resolved through a purchase and assumption. Community B&t, NA (WV) took over its insured deposits. At failure it held $77.6M in assets and $75.6M in deposits. The FDIC's estimated loss on the failure is $4K (0.0% of assets).