Bank failure · WV

Shenandoah Fsa (Martinsburg, WV) — failed May 8, 1992

Shenandoah Fsa of Martinsburg, West Virginia was closed on May 8, 1992 and resolved through a purchase and assumption. Blue Ridge Bank (WV) took over its insured deposits. At failure it held $94.2M in assets and $69.0M in deposits. The FDIC's estimated loss on the failure is $5.1M (5.5% of assets).