Bank failure · VA
Security Fs & LA (Richmond, VA) — failed March 2, 1990
Security Fs & LA of Richmond, Virginia was closed on March 2, 1990 and resolved through a purchase and assumption. Crestar Bank (VA) took over its insured deposits. At failure it held $341.6M in assets and $237.5M in deposits. The FDIC's estimated loss on the failure is $24.0M (7.0% of assets).
- Closing date
- March 2, 1990
- FDIC certificate #
- 30752
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Crestar Bank
- Insurance fund
- RTC
Other failures in 1990
- Capitol Bank and Trust Company MA
- First Fs & LA of Andalusia AL
- Southern Fs LA
- Enterprise Savings Bank, Fa IL
- Arkansas FSB AR
- Mid-America Fs & LA OH
- Far Western Bank CA
- Home Federal Bank for Savings IL
- Community Fs & LA MO
- Frontier Savings Association NV
- Old Borough Savings & Loan NJ
- The State Bank of Omaha TX
- Comfed Savings Bank MA
- Peoples State Bank TX
- Empire Savings Bank NJ
- Olympic Federal Savings IL
- First Commercial Bank of Florida FL
- Washington County State Bank TX
- First State Bank OK
- Bank of Commerce LA
- New England Allbank for Savings MA
- First National Bank of Rowlett TX
- Heights Bank TX
- Texarkana Fs & LA AR