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Bank Events in Virginia

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 Virginia (VA).

Failures

984

Mergers

223

Enforcement

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Bank Directory

All Virginia banks

Failures in Virginia

Date	Bank	City	Assets	Acquirer or resolution
Feb 28, 2014	Millennium Bank, N.A.	Sterling	$130.3M	Washingtonfirst Bank
Sep 23, 2011	Bank of the Commonwealth	Norfolk	$985.1M	Southern Bank and Trust Company
Jul 29, 2011	Virginia Business Bank	Richmond	$83.5M	Xenith Bank
Aug 20, 2010	Imperial Savings and Loan Association	Martinsville	$9.4M	River Community Bank, N.A.
Dec 4, 2009	Greater Atlantic Bank	Reston	$203.3M	Sonabank
Aug 12, 1993	New Atlantic Bank, N.A.	Norfolk	$15.1M	Bank of Hampton Roads
Dec 11, 1992	Sailors & Merchants B&T Co.	Vienna	$34.8M	First Union Bank of Virg
Oct 9, 1992	Peidmont FSA	Manassas	$444.6M	Crestar Bank
Sep 18, 1992	The Washington Bank	Fairfax County	$28.1M	George Mason Bank
Jul 17, 1992	Liberty FSB	Warrenton	$92.0M	Jefferson NB
Jul 10, 1992	Home FSB	Norfolk	$224.2M	Home SB, FSB
Apr 10, 1992	Federal Sa of Virginia	Falls Church	$31.5M	Fairfax B&TC
Apr 3, 1992	Commonwealth FSB	Manassas	$72.5M	Fairfax B&TC
Feb 28, 1992	Vista FSA	Reston	$113.2M	Eastern American Bank, FSB
Jan 10, 1992	Perpetual Savings Bank	Vienna	$2.89B	Crestar Bank
Dec 13, 1991	Investors FSB	Richmond	$2.06B	Central Fidelity Bank
May 24, 1991	First Security Bank	Roanoke	$15.9M	First Century Bank
May 10, 1991	Madison National Bank of Virginia	McLean	$174.2M	Signet Bank - Virginia
May 3, 1991	Sentry FSA	Norfolk	$50.3M	Deposit payout
Feb 1, 1991	Coreast FSB	Richmond	$1.21B	Branch sale
Jan 25, 1991	Trustbank FSB	Tysons Corner	$1.82B	Branch sale
Oct 19, 1990	Heritage Savings Bank, FSB	Richmond	$888.8M	CRFC Interim SB (Crestar Ba
Jul 31, 1990	United FSB	Vienna	$415.6M	Crestar Bank
Mar 2, 1990	Security FS & La	Richmond	$341.6M	Crestar Bank
Dec 8, 1989	Atlantic Permanent Federal	Norfolk	$581.0M	Branch sale
Dec 7, 1989	Atlantic National Bank	Norfolk	$14.4M	New Atlantic Bank, National
Oct 19, 1989	Seasons Federal Savings Bank	Richmond	$260.8M	Crestar Bank
Jun 29, 1989	Peoples S & L Assoc.	Hampton	$23.9M	Consolidated B&TC
Mar 30, 1989	Community Fed. S & L Assoc.	Newport News	$9.4M	Consolidated B&TC
Sep 16, 1988	Ultimate Savings Bank	Richmond	$206.5M	—
Jan 27, 1984	Union Mutual S&LA	Richmond	$8.6M	—
Apr 3, 1982	Aquia BK & TR Company	Stafford	$14.0M	Peoples Bank of Danville
Sep 4, 1964	Crown Savings Bank	Newport News	$7.9M	—
Sep 14, 1946	Augusta County Bank, Inc.	Churchville	$351K	—
Jan 13, 1945	The Farmers & Merchants State Bank	Fredericksburg	$6.4M	—
May 18, 1939	The Parksley National Bank	Parksley	$279K	—
Mar 26, 1938	Merchants' and Mechanics' Savings Bank of Norfolk	Norfolk	—	—
Mar 3, 1938	Bank of Northampton, Incorporated	Nassawadox	—	—
Jul 19, 1937	Peoples Bank of Bloxom, Inc.	Bloxom	$101K	—
May 22, 1937	Farmers & Merchants Trust Bank	Cape Charles	—	—
Jan 9, 1935	The National Bank of Herndon	Herndon	$387K	—

Mergers & Acquisitions involving Virginia banks

Date	Acquired (VA)	Acquirer
Jul 1, 2026	Commonwealth One Federal Credit Union	Commonwealth One Federal Credit Union
Nov 1, 2025	Suncomp Employees Federal Credit Union	United Southeast Federal Credit Union
Sep 1, 2025	Old Point Financial Corporation	TowneBank
Sep 1, 2025	The Old Point National Bank of Phoebus	TowneBank
May 1, 2025	Star City Federal Credit Union	Penair Credit Union
Apr 1, 2025	Village Bank	TowneBank
Apr 1, 2025	Village Bank and Trust Financial Corp.	TowneBank
Jan 1, 2025	Nextmark Federal Credit Union	Apple Federal Credit Union
Oct 1, 2024	Touchstone Bank	First Bank
Oct 1, 2024	Joy Employees Federal Credit Union	National Employees Federal Credit Union
Oct 1, 2024	Touchstone Bankshares, Inc.	First National Corporation
Aug 1, 2024	Member One Federal Credit Union	Virginia Federal Credit Union
Jun 1, 2024	Frontier Community Bank	The National Bank of Blacksburg
Apr 1, 2024	American National Bank and Trust Company	Atlantic Union Bank
Apr 1, 2024	American National Bankshares Inc.	Atlantic Union Bankshares Corporation
Mar 1, 2024	Mountain Empire Federal Credit Union	United Southeast Federal Credit Union
Jan 1, 2024	Hampton V a Federal Credit Union	Healthcare Systems Federal Credit Union
Dec 16, 2023	Virginia Trailways Federal Credit Union	Virginia Federal Credit Union
Dec 1, 2023	Virginia Partners Bank	LINKBANK
Oct 1, 2023	Partners Financial Federal Credit Union	Argent Federal Credit Union
Sep 12, 2023	Petersburg Federal Reformatory Credit Union, Incorporated	Vantage Point Federal Credit Union
Apr 1, 2023	Prime Care Credit Union, Incorporated	Healthcare Systems Federal Credit Union
Jan 14, 2023	Farmers Bank	TowneBank
Jan 14, 2023	Farmers Bankshares, Inc.	TowneBank
Nov 28, 2022	TBC Federal Credit Union	Peoples Advantage Federal Credit Union
Oct 1, 2022	Capital One Bank (USA), N.A.	Capital One, N.A.
Feb 1, 2022	Nma Federal Credit Union	Pentagon Federal Credit Union
Jan 1, 2022	E*trade Savings Bank	Morgan Stanley Private Bank, N.A.
Jan 1, 2022	E*trade Bank	Morgan Stanley Private Bank, N.A.
Dec 4, 2021	Essex Bank	United Bank
Dec 4, 2021	Community Bankers Trust Corporation	United Bankshares, Inc.
Nov 1, 2021	Virginia Beach Schools Federal Credit Union	Langley Federal Credit Union
Jul 1, 2021	The Bank of Fincastle	First Bank
Jun 1, 2021	Fedstar Federal Credit Union	Infirst Federal Credit Union
Apr 1, 2021	Riverside Health System Employees Credit Union	1st Advantage Federal Credit Union
Apr 1, 2021	Fauquier Bankshares, Inc.	Virginia National Bankshares Corporation
Apr 1, 2021	The Fauquier Bank	Virginia National Bank
Feb 1, 2021	Virginia Commonwealth Bank	Blue Ridge Bank, N.A.
Feb 1, 2021	Bay Banks of Virginia, Inc.	Blue Ridge Bankshares, Inc.
Jan 1, 2021	Saint Matthews Federal Credit Union	Chartway Federal Credit Union
Nov 13, 2020	WJC Federal Credit Union	Truliant Federal Credit Union
Oct 31, 2020	Virginia Bank and Trust Company	First National Bank
Oct 31, 2020	Virginia Bank Bankshares, Inc.	Pinnacle Bankshares Corporation
Aug 1, 2020	Cadmus Credit Union, Inc.	Chartway Federal Credit Union
May 1, 2020	Chesterfield Federal Credit Union	Virginia Federal Credit Union
Mar 1, 2020	AB&W Credit Union Inc.	Commonwealth One Federal Credit Union
Jan 29, 2020	River Trace Federal Credit Union	Call Federal Credit Union
Jan 1, 2020	Peoples Bankshares, Incorporated	C&F Financial Corporation
Jan 1, 2020	Highlands Union Bank	First Community Bank
Jan 1, 2020	Highlands Bankshares, Inc.	First Community Bankshares, Inc.

The list holds the 500 most recent of 984 mergers.

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