Bank failure · VA
Mountain Security Sb (Wytheville, VA) — failed June 6, 1986
Mountain Security Sb of Wytheville, Virginia was closed on June 6, 1986 and resolved through a a/a. Carteret S&la Fa (NJ) took over its insured deposits. At failure it held $125.3M in assets and $114.3M in deposits. The FDIC's estimated loss on the failure is $18.9M (15.1% of assets).
- Closing date
- June 6, 1986
- FDIC certificate #
- 31727
- Resolution
- A/A (assistance)
- Acquiring institution
- Carteret S&la Fa
- Insurance fund
- FSLIC
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