Bank failure · VA
Heritage Savings Bank, FSB (Richmond, VA) — failed October 19, 1990
Heritage Savings Bank, FSB of Richmond, Virginia was closed on October 19, 1990 and resolved through a purchase and assumption. Crfc Interim Sb (Crestar Ba (VA) took over its insured deposits. At failure it held $888.8M in assets and $726.2M in deposits. The FDIC's estimated loss on the failure is $124.2M (14.0% of assets).
- Closing date
- October 19, 1990
- FDIC certificate #
- 31518
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Crfc Interim Sb (Crestar Ba
- Insurance fund
- RTC
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