Bank failure · VA
Peninsula Fs&la (Newport News, VA) — failed March 5, 1983
Peninsula Fs&la of Newport News, Virginia was closed on March 5, 1983 and resolved through a a/a. Bay Savings Bank FSB (VA) took over its insured deposits. At failure it held $95.9M in assets and $76.1M in deposits. The FDIC's estimated loss on the failure is $1.9M (1.9% of assets).
- Closing date
- March 5, 1983
- FDIC certificate #
- 31306
- Resolution
- A/A (assistance)
- Acquiring institution
- Bay Savings Bank FSB
- Insurance fund
- FSLIC
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- Bohemian S&la MO
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