Record · Bank
COREAST FSB
COREAST FSB held $1.2 billion in total assets at failure as of February 1, 1991, according to the FDIC.
COREAST FSB, of RICHMOND, VA, was an FDIC-insured institution that closed on February 1, 1991, as the FDIC records it.
The failure
- February 1, 1991
- Closed
- $1.2 billion
- Assets at failure
- $1,209,981,000
- $993.2 million
- Deposits at failure
- $993,237,000
- $210.8 million
- Estimated cost to the insurance fund
- $210,818,722
- The FDIC's estimate as of July 31, 2026; it revises the estimate as it sells the bank's assets.
- BRANCH SALE
- Acquired by
- NONE, NA
The FDIC’s entry
- FDIC certificate number
- 31654
- Resolution
- FAILURE
- Transaction type
- PI
- Charter class
- SB
- Insurance fund
- RTC
- Insured since
- August 9, 1989
- Established
- January 1, 1972
- Recorded in
- The FDIC’s failures data
Sources
- FDIC failures — every bank failure and assistance transaction since 1934 — Federal Deposit Insurance Corporation · Public domain — U.S. Government work · retrieved September 27, 2026
Compiled automatically from FDIC failures — every bank failure and assistance transaction since 1934 by a checked SQL query · Editor: Kian O'Connor · How this site is built
Data retrieved