Data / Bank failures / 1992 / Liberty FSB
Liberty FSB, Warrenton, VA: failed July 17, 1992
Liberty FSB in Warrenton, Virginia, failed on July 17, 1992. Jefferson NB of Charlottesville, VA, took over its deposits. It held $92 million in assets and $86.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $12.3 million (13.3% of its assets). By assets it was the 92nd largest of 181 banks closed or assisted in 1992.
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The FDIC's record
- Closed
- July 17, 1992
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Jefferson NB, Charlottesville, VA
- Total assets
- $91,966,000
- Total deposits
- $86,915,000
- Estimated cost to the FDIC
- $12,264,573 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 31931
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 |
| 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 |
| Commonwealth FSB | Manassas | April 3, 1992 | $72.5 million | $64.8 million | $16.4 million | Fairfax B&TC |
| Vista Fsa | Reston | February 28, 1992 | $113.2 million | $108.7 million | $36.9 million | Eastern American Bank, FSB |
All bank failures in 1992 · All bank failures in 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.