Bank failure · VA

Virginia Fs&la (Richmond, VA) — failed December 23, 1988

Virginia Fs&la of Richmond, Virginia was closed on December 23, 1988 and resolved through a a/a. Virginia FSB (VA) took over its insured deposits. At failure it held $678.9M in assets and $517.0M in deposits. The FDIC's estimated loss on the failure is $13.5M (2.0% of assets).