Bank failure · VA

McLean S&la (McLean, VA) — failed July 8, 1988

McLean S&la of McLean, Virginia was closed on July 8, 1988 and resolved through a a/a. Nvr Federal Savings Bank (VA) took over its insured deposits. At failure it held $318.9M in assets and $326.1M in deposits. The FDIC's estimated loss on the failure is $88.9M (27.9% of assets).