Data / Bank failures / 1992 / Shenandoah Fsa
Shenandoah Fsa, Martinsburg, WV: failed May 8, 1992
Shenandoah Fsa in Martinsburg, West Virginia, failed on May 8, 1992. Blue Ridge Bank of Martinsburg, WV, took over its deposits. It held $94.2 million in assets and $69 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $5.1 million (5.5% of its assets). By assets it was the 90th largest of 181 banks closed or assisted in 1992.
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The FDIC's record
- Closed
- May 8, 1992
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Blue Ridge Bank, Martinsburg, WV
- Total assets
- $94,195,000
- Total deposits
- $69,001,000
- Estimated cost to the FDIC
- $5,138,702 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 31664
Other bank failures in West Virginia, 1990 to 1994
| 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 |
All bank failures in 1992 · 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.