Bank failure · VA
Northern Virginia S&la (Arlington, VA) — failed May 2, 1985
Northern Virginia S&la of Arlington, Virginia was closed on May 2, 1985 and resolved through a a/a. Northern Virginia S&la a Fa (VA) took over its insured deposits. At failure it held $237.2M in assets and $240.6M in deposits. The FDIC's estimated loss on the failure is $18.9M (8.0% of assets).
- Closing date
- May 2, 1985
- FDIC certificate #
- 30728
- Resolution
- A/A (assistance)
- Acquiring institution
- Northern Virginia S&la a Fa
- Insurance fund
- FSLIC
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