Data / Bank failures / 1992 / Commonwealth FSB
Commonwealth FSB, Manassas, VA: failed April 3, 1992
Commonwealth FSB in Manassas, Virginia, failed on April 3, 1992. Fairfax B&TC of Fairfax, VA, took over its deposits. It held $72.5 million in assets and $64.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $16.4 million (22.6% of its assets). By assets it was the 104th largest of 181 banks closed or assisted in 1992.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- April 3, 1992
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Fairfax B&TC, Fairfax, VA
- Total assets
- $72,536,000
- Total deposits
- $64,780,000
- Estimated cost to the FDIC
- $16,425,355 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 31453
Other bank failures in Virginia, 1990 to 1994
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| New Atlantic Bank, NA | Norfolk | August 12, 1993 | $15.1 million | $14.4 million | $792,379 | Bank of Hampton Roads |
| Sailors & Merchants B&T Co. | Vienna | December 11, 1992 | $34.8 million | $34.5 million | $5 million | First Union Bank of Virg |
| Peidmont Fsa | Manassas | October 9, 1992 | $444.6 million | $370.1 million | $75.6 million | Crestar Bank |
| The Washington Bank | Fairfax County | September 18, 1992 | $28.1 million | $27.9 million | $5.1 million | George Mason Bank |
| Liberty FSB | Warrenton | July 17, 1992 | $92 million | $86.9 million | $12.3 million | Jefferson NB |
| Home FSB | Norfolk | July 10, 1992 | $224.2 million | $195.2 million | $42.8 million | Home SB, FSB |
| Federal Sa of Virginia | Falls Church | April 10, 1992 | $31.5 million | $29.6 million | $14.5 million | Fairfax B&TC |
| Vista Fsa | Reston | February 28, 1992 | $113.2 million | $108.7 million | $36.9 million | Eastern American Bank, FSB |
Other failed banks Fairfax B&TC took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Federal Sa of Virginia | Falls Church | VA | April 10, 1992 | $31.5 million | $29.6 million | $14.5 million | Fairfax B&TC |
All bank failures in 1992 · All bank failures in Virginia · Every failed bank Fairfax B&TC took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.