Piedmont Federal Savings Bank
Manassas, VA
$445M
total assets, September 30, 1992
$445M
total assets, September 30, 1992
Piedmont Federal Savings Bank was a savings bank in Manassas, VA. It failed on Oct 9, 1992, and Crestar Bank took over its deposits. At its last report it held $444.6 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1992
This bank failed
- Failed on
- Oct 9, 1992
- Assets
- $445M
- Deposits
- $370M
- Estimated cost
- $75.6M
- Deposits went to
- Crestar Bank, Richmond, VA
Total assets
$445M
-19.6% in a year · -9.5% in a quarter
Deposits
$370M
-6.0% in a year · +0.9% in a quarter
Loans
$258M
-23.9% in a year · -3.5% in a quarter
Profit so far
-$8.7M
Jan 1 to Sep 30, 1992
Capital ratio
0.14%
-2.38 pts in a year
Return on assets
-2.38%
+1.38 pts in a year
Facts
- Type
- Savings bank
- Head office
- 9323 West Street, Manassas, VA, 20110
- County
- Manassas City
- Established
- Jul 1, 1934
- Failed
- Oct 9, 1992
- Employees
- 111
- Id
- b28998
Quarter by quarter
March 31, 1984 to September 30, 1992
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Piedmont Federal Savings Bank?
$444.6 million in total assets and $370.1 million in deposits as of September 30, 1992, with assets down 19.6% from a year before. Its loans were $257.9 million.
Is Piedmont Federal Savings Bank profitable?
No: it lost $8.69 million from January 1 to September 30, 1992. Its return on assets was -2.38% a year; about 1% is typical.
When did Piedmont Federal Savings Bank fail?
Oct 9, 1992. Crestar Bank of Richmond, VA took over its deposits. The estimated cost of the failure was $75.6 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.