Bank failure · VA

Sentry Fsa (Norfolk, VA) — failed May 3, 1991

Sentry Fsa of Norfolk, Virginia was closed on May 3, 1991 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $50.3M in assets and $47.2M in deposits. The FDIC's estimated loss on the failure is $12.3M (24.5% of assets).