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Bank Events in District of Columbia
Every FDIC-insured bank failure, merger or acquisition involving a bank, credit union or bank holding company, and regulatory enforcement action affecting banks headquartered in District of Columbia (DC).
Failures in District of Columbia
| Date | Bank | Assets |
|---|---|---|
| Jun 25, 1993 | City National Bank of Washington | $24.0M |
| May 1, 1992 | Metropolitan Bank, N.A. | $27.1M |
| Mar 26, 1992 | Theodore Roosevelt National Bank | $13.8M |
| May 10, 1991 | Madison National Bank | $473.8M |
| Aug 10, 1990 | The National Bank of Washington | $1.65B |
Mergers & Acquisitions involving District of Columbia banks
| Date | Acquired (DC) | Acquirer |
|---|---|---|
| Feb 22, 1999 | Franklin National Bank of Washington, D.C. | Truist Bank |
| Feb 1, 1999 | Greater Southeast Healthcare Systems Federal Credit Union | National Institutes of Health Federal Credit Union |
| Oct 1, 1998 | DHCD Federal Credit Union | DC Federal Credit Union |
| Jul 17, 1998 | Ballston Bancorp, Inc. | MainStreet Financial Corporation |
| Jul 2, 1998 | Franklin Bancorporation, Inc. | Truist Financial Corporation |
| Aug 1, 1997 | First Union National Bank of Washington, D.C. | Wachovia Bank, N.A. |
| Mar 14, 1997 | Citizens Bank of Washington, National Association | Crestar Bank |
| Dec 16, 1996 | McLachlen Bancshares Corporation | Citizens Bancorp |
| Nov 12, 1996 | The First National Bank of Maryland, D.C. | Allfirst Bank |
| Aug 19, 1996 | Franklin National Bank of Virginia | Franklin National Bank of Washington, D.C. |
| May 17, 1996 | Palmer National Bancorp, Inc. | Mason Holding Corporation |
| Apr 16, 1996 | Nationsbank Trust Company, N.A. | Bank of America, N.A. |
| Feb 29, 1996 | Washington Bankshares, Inc. | Wachovia Corporation |
| Oct 1, 1995 | General Services Administration No 1 Federal Credit Union | Gsa Federal Credit Union |
| Apr 2, 1995 | Ameribanc Voting Trust | Wachovia Bank, N.A. |
| Apr 2, 1995 | Maryland Bankshares, Inc. | First Union Corporation of Virginia |
| Mar 1, 1995 | Acacia Employees Federal Credit Union | Library of Congress Federal Credit Union |
| Jan 1, 1995 | First American Data Services, Inc | First Union Corporation of Virginia |
| Nov 1, 1994 | Home Federal Savings Bank | First Union National Bank of Washington, D.C. |
| Apr 30, 1994 | Nationsbank of DC, National Association | NationsBank, National Association |
| Mar 1, 1994 | St. Augustine Federal Credit Union | DC Federal Credit Union |
| Jun 23, 1993 | First American Bank, National Association | First Union National Bank of Washington, D.C. |
| Jul 2, 1992 | Gao Employees Federal Credit Union | United States Senate Federal Credit Union |
| Jul 1, 1992 | Washington Post Employees Federal Credit Union | Commonwealth One Federal Credit Union |
| Jun 1, 1992 | Capico Employees Federal Credit Union | Money One Federal Credit Union |
| Apr 28, 1992 | Federal City National Bank | (unnamed) |
| Mar 30, 1991 | United National Bank of Washington | Madison National Bank |
| Jan 1, 1991 | Citibank, Federal Savings Bank | CFSB, National Association |
| Jul 1, 1990 | Nreca-Rochdale Federal Credit Union | Agriculture Federal Credit Union |
| May 1, 1990 | Associated Builders & Contractors National Federal Credit Union | Fedchoice Federal Credit Union |
| Jul 1, 1989 | Temporaries Federal Credit Union | Infirst Federal Credit Union |
| Jun 30, 1989 | Smithsonian Institute Employees Federal Credit Union | Agriculture Federal Credit Union |
| Jun 1, 1989 | Majestic Eagles Federal Credit Union | District of Columbia Teachers Federal Credit Union |
| Nov 23, 1988 | Gsa No 3 Federal Credit Union | Justice Federal Credit Union |
| May 1, 1988 | Ussah Federal Credit Union | Andrews Federal Credit Union |
| Jan 2, 1988 | Graphic Arts of Washington Federal Credit Union | Ep Federal Credit Union |
| Jun 29, 1987 | Trailways of DC Federal Credit Union | Fedchoice Federal Credit Union |
| Dec 31, 1986 | NS&T Bankshares, Incorporated | Crestar Financial Corporation |
| Oct 23, 1986 | Unb Bancshares Inc | James Madison Limited |
| Sep 30, 1986 | Security National Corporation | Signet Banking Corporation |
| Mar 10, 1986 | D C National Bancorp Inc | Sovran Financial Corporation |
| Oct 1, 1985 | United States Catholic Conference Federal Credit Union | Ep Federal Credit Union |
| Jul 16, 1985 | Capital City Federal Savings and Loan Association | Meritor Savings Bank, F.A. |
| Apr 24, 1985 | International Equities Inc | Washington Bankshares, Inc. |
| Sep 4, 1984 | Sperry Rand Employees Federal Credit Union | Sperry Marine Federal Credit Union |
| Jan 1, 1984 | National Academy of Sciences Federal Credit Union | NASA Federal Credit Union |
| Oct 27, 1983 | Andrus Federal Credit Union | Ep Federal Credit Union |
| Oct 1, 1983 | Interstate Federal Savings and Loan Association | Perpetual Savings Bank, Federal Savings Bank |
| Oct 1, 1982 | Jefferson Federal Savings and Loan Association | Washington Federal Savings Bank |
| Aug 1, 1982 | Guardian Federal Savings and Loan Association | Perpetual Savings Bank, Federal Savings Bank |