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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).

41
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
Sep 1, 2016 Bank of Virginia First-Citizens Bank & Trust Company
Jul 30, 2016 Xenith Bankshares, Inc. Xenith Bankshares, Inc.
Jul 30, 2016 Xenith Bank Xenith Bank
Jul 2, 2016 Norfolk Schools Federal Credit Union Nma Federal Credit Union
Jul 1, 2016 Grayson Bankshares, Inc. Skyline Bankshares, Inc.
Jul 1, 2016 Bank of Floyd Skyline National Bank
Jul 1, 2016 Cardinal Bankshares Corporation Skyline Bankshares, Inc.
Jun 25, 2016 Monarch Bank TowneBank
Jun 25, 2016 Monarch Financial Holdings, Inc TowneBank
May 2, 2016 Suffolk Virginia City Employees Federal Credit Union Portalliance Federal Credit Union
May 1, 2016 Norfolk Virginia Postal Credit Union Bayport Federal Credit Union
May 1, 2016 Belvoir Federal Credit Union Pentagon Federal Credit Union
Feb 1, 2016 Northern Piedmont Federal Credit Union University of Virginia Community Credit Union, Inc.
Feb 1, 2016 Heritage Bank Southern Bank and Trust Company
Feb 1, 2016 Heritage Bankshares, Inc. Southern Bancshares (N.C.), Inc.
Jan 1, 2016 CSC Employees Federal Credit Union Lafayette Federal Credit Union
Jan 1, 2016 Union Investment Services, Inc. Atlantic Union Bankshares Corporation
Jan 1, 2016 First Capital Bancorp, Inc. Park Sterling Corporation
Jan 1, 2016 First Capital Bank Park Sterling Bank
Nov 1, 2015 Roanoke Virginia Firemen Federal Credit Union Roanoke Valley Community Federal Credit Union
Oct 10, 2015 Shore Bank Xenith Bank
Oct 1, 2015 Centra Health Credit Union Beacon Credit Union Incorporated
Aug 1, 2015 Winchester Community Federal Credit Union Apple Federal Credit Union
Aug 1, 2015 1st Portfolio Holding Comp Washingtonfirst Bank
Jul 1, 2015 Valley Bank Bank of North Carolina
Jul 1, 2015 Valley Financial Corporation BNC Bancorp
Jun 1, 2015 Sperry Marine Federal Credit Union Virginia Federal Credit Union
Jun 1, 2015 Chesapeake Public Schools Credit Union Bayport Federal Credit Union
May 21, 2015 Campbell County Employees Credit Union Lynchburg Municipal Employees Federal Credit Union
May 20, 2015 Walker-Virginia Federal Credit Union Dupont Community Credit Union
Feb 28, 2015 Dinwiddie Education Association Federal Credit Union Peoples Advantage Federal Credit Union
Jan 31, 2015 Hampton City Employees Credit Union Bayport Federal Credit Union
Jan 3, 2015 Franklin Financial Corporation TowneBank
Jan 3, 2015 Franklin Federal Savings Bank TowneBank
Jan 1, 2015 Richmond Police Department Credit Union Richmond Virginia Fire Police Credit Union Inc.
Jan 1, 2015 MainStreet Bankshares, Inc. American National Bankshares Inc.
Jan 1, 2015 Franklin Community Bank, National Association American National Bank and Trust Company
Nov 21, 2014 Virginia Gas Credit Union Truenergy Federal Credit Union
Nov 15, 2014 Virginia Company Bank Evb
Nov 1, 2014 Guardian Federal Credit Union Abnb Federal Credit Union
Nov 1, 2014 Virginia Heritage Bank EagleBank
Sep 1, 2014 Hampton Roads Postal Credit Union, Inc. Bayport Federal Credit Union
Jul 1, 2014 Colonial Virginia Bank Xenith Bank
Jul 1, 2014 Norfolk Southern Employees Credit Union N a E Federal Credit Union
May 10, 2014 StellarOne Bank Atlantic Union Bank
May 1, 2014 Martinsville Postal Credit Union Valleystar Credit Union
May 1, 2014 Resources Federal Credit Union Peoples Advantage Federal Credit Union
Apr 1, 2014 Chesapeake City Employees Credit Union Bayport Federal Credit Union
Apr 1, 2014 Belt Line Employees Credit Union Northern Star Credit Union, Inc.
Mar 22, 2014 Central Virginia Bank Citizens and Farmers Bank

The list holds the 500 most recent of 984 mergers.

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