Atlantic Permanent Savings Bank FSB

Status:Inactive as of 12/08/1989
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Atlantic Permanent Federal Savings Bank
Headquarters:Atlantic Permanent Savings Bank FSB
740 Boush St
Norfolk, VA 23510
Established:01/01/1893
FDIC Insurance:08/09/1989
FDIC Cert:#28223
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$581,043,000
Total Deposits:$370,596,000

History

1893-01-01Institution established: Original name:Atlantic Permanent Federal Savings and Loan Association
1986-06-30Changed organization type to STOCK SAVINGS & LOAN
1987-07-31Changed name to Atlantic Permanent Savings Bank FSB
1989-12-08Placed into government conservatorship.
1989-12-08Failed, went into receivership, and then became part of Atlantic Permanent Federal Savings Bank (32850)
1989-12-08Institution established: Original name:Atlantic Permanent Federal Savings Bank (32850)
1991-07-12Ceased operations as a result of a government supervised payoff, liquidation, or closing. No active institution received any of its deposits.
1991-07-12Government conservatorship or bridge bank resolved.