Bank Failure
TRUSTBANK FSB
Closed January 25, 1991 · TYSONS CORNER , VA · FDIC Cert #31703 .
- Closing date
- January 25, 1991
- Headquarters
- TYSONS CORNER , VA
- FDIC Certificate
- 31703
- Total assets at closing
- $1.82B
- Total deposits at closing
- $1.51B
- Estimated loss to DIF
- $172.8M
- Resolution type
- other
- Acquirer
- BRANCH SALE (FDIC Cert #2195)
Context
On January 25, 1991, regulators closed TRUSTBANK FSB , headquartered in TYSONS CORNER , VA . At closing, the institution held approximately $1.82B in assets and $1.51B in deposits . The FDIC arranged a resolution under which BRANCH SALE acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $172.8M.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 1991
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1991-12-20 | NORTH RIDGE BANK | OAKLAND PARK , FL | $94.3M |
| 1991-12-13 | INVESTORS FSB | RICHMOND , VA | $2.06B |
| 1991-12-13 | THE BANK MART | BRIDGEPORT , CT | $578.2M |
| 1991-12-13 | MERCHANTS NATIONAL BANK | LEOMINSTER , MA | $153.6M |
| 1991-12-13 | BANK OF EAST HARTFORD | EAST HARTFORD , CT | $36.6M |
| 1991-12-13 | FEDERAL FINANCE & MORTGAGE, LTD | HONOLULU , HI | $7.7M |
| 1991-12-12 | GRANITE CO-OPERATIVE BANK | QUINCY , MA | $103.8M |
| 1991-12-06 | SAYBROOK BANK AND TRUST COMPANY | OLD SAYBROOK , CT | $77.3M |
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