Bank failure · WV

Mountain State Fs&la (Clarksburg, WV) — failed February 10, 1988

Mountain State Fs&la of Clarksburg, West Virginia was closed on February 10, 1988 and resolved through a a/a. Traders Fs&la (WV) took over its insured deposits. At failure it held $91.4M in assets and $100.5M in deposits. The FDIC's estimated loss on the failure is $21.7M (23.7% of assets).