Bank failure · VA

Home FSB (Norfolk, VA) — failed July 10, 1992

Home FSB of Norfolk, Virginia was closed on July 10, 1992 and resolved through a purchase and assumption. Home Sb, FSB (VA) took over its insured deposits. At failure it held $224.2M in assets and $195.2M in deposits. The FDIC's estimated loss on the failure is $42.8M (19.1% of assets).