Bank failure · VA

Investors FSB (Richmond, VA) — failed December 13, 1991

Investors FSB of Richmond, Virginia was closed on December 13, 1991 and resolved through a purchase and assumption. Central Fidelity Bank (VA) took over its insured deposits. At failure it held $2.1B in assets and $1.4B in deposits. The FDIC's estimated loss on the failure is $470.7M (22.9% of assets).