Data / Bank failures / 1989 / Lewis County Savings and Loan Co
Lewis County Savings and Loan Co, Weston, WV: failed May 12, 1989
Lewis County Savings and Loan Co in Weston, West Virginia, failed on May 12, 1989. Community Bank & Trust, Nat of Fairmont, WV, took over its deposits. It held $4 million in assets and $3.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $405,429 (10.2% of its assets). By assets it was the 532nd largest of 534 banks closed or assisted in 1989.
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The FDIC's record
- Closed
- May 12, 1989
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Community Bank & Trust, Nat, Fairmont, WV
- Total assets
- $3,986,000
- Total deposits
- $3,925,000
- Estimated cost to the FDIC
- $405,429 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 26636
Other bank failures in West Virginia, 1987 to 1991
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Evergreen FS & La | Charleston | September 13, 1991 | $40.3 million | $35 million | $3.6 million | Merchants NB of Montgomery |
| 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 |
| Mountain State FS&LA (assistance) | Clarksburg | February 10, 1988 | $91.4 million | $100.5 million | $21.7 million | Traders FS&LA |
| Magnet Bank FSB (assistance) | Charleston | February 10, 1988 | $547.1 million | $418.8 million | $115.9 million | Traders FS&LA |
| Traders FS&LA (assistance) | Parkersburg | February 10, 1988 | $68.5 million | $73.1 million | $18.9 million | Atlantic Financial Federal |
All bank failures in 1989 · 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.