Data / Bank failures / 1991 / Evergreen FS & La
Evergreen FS & La, Charleston, WV: failed September 13, 1991
Evergreen FS & La in Charleston, West Virginia, failed on September 13, 1991. Merchants NB of Montgomery of Montgomery, WV, took over its deposits. It held $40.3 million in assets and $35 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3.6 million (8.9% of its assets). By assets it was the 186th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- September 13, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Merchants NB of Montgomery, Montgomery, WV
- Total assets
- $40,271,000
- Total deposits
- $34,959,000
- Estimated cost to the FDIC
- $3,583,611 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 28177
Other bank failures in West Virginia, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Shenandoah Fsa | Martinsburg | May 8, 1992 | $94.2 million | $69 million | $5.1 million | Blue Ridge Bank |
| The Blueville Bank of Grafton | Grafton | April 5, 1991 | $48.1 million | $46.9 million | $3.8 million | The Empire National Bank of |
| First Standard Fed. Savings Assoc. | Fairmont | February 23, 1990 | $77.6 million | $75.6 million | $3,727 | Community B&T, NA |
| First Federal Sav. Assoc./bluefield | Bluefield | February 23, 1990 | $39.3 million | $33.2 million | $2.6 million | First FSB |
| Lewis County Savings and Loan Co | Weston | May 12, 1989 | $4 million | $3.9 million | $405,429 | Community Bank & Trust, Nat |
All bank failures in 1991 · All bank failures in West Virginia · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. 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.