Data / Bank failures / 1990 / United FSB
United FSB, Vienna, VA: failed July 31, 1990
United FSB in Vienna, Virginia, failed on July 31, 1990. Crestar Bank of Richmond, VA, took over its deposits. It held $415.6 million in assets and $352.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $134.5 million (32.4% of its assets). By assets it was the 56th largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- July 31, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Crestar Bank, Richmond, VA
- Total assets
- $415,606,000
- Total deposits
- $352,744,000
- Estimated cost to the FDIC
- $134,507,176 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 31444
Other bank failures in Virginia, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Other failed banks Crestar Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Peidmont Fsa | Manassas | VA | October 9, 1992 | $444.6 million | $370.1 million | $75.6 million | Crestar Bank |
| Perpetual Savings Bank | Vienna | VA | January 10, 1992 | $2.89 billion | $2.45 billion | $453.7 million | Crestar Bank |
| Security FS & La | Richmond | VA | March 2, 1990 | $341.6 million | $237.5 million | $24 million | Crestar Bank |
| Seasons Federal Savings Bank | Richmond | VA | October 19, 1989 | $260.8 million | $213.7 million | $49.4 million | Crestar Bank |
All bank failures in 1990 · All bank failures in Virginia · Every failed bank Crestar Bank took over · 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.