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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
Oct 1, 2009 Landmark Communications Employees Credit Union Norfolk Virginia Postal Credit Union
Aug 1, 2009 Lynchburg Foundry Federal Credit Union Beacon Credit Union Incorporated
Jul 30, 2009 Chevy Chase Bank, Federal Savings Bank Capital One, N.A.
Jun 1, 2009 National Science Foundation Federal Credit Union The Partnership Federal Credit Union
Apr 23, 2009 Effinity Financial Corporation NB Holdings Corporation
Apr 1, 2009 Alcoa Richmond Federal Credit Union Virginia Federal Credit Union
Mar 1, 2009 Reymet Community Federal Credit Union Partners Financial Federal Credit Union
Jan 1, 2009 Big Island 1013 Federal Credit Union Beacon Credit Union Incorporated
Dec 31, 2008 Gateway Financial Holdings, Inc. Xenith Bankshares, Inc.
Nov 1, 2008 Bay Community Bank Atlantic Union Bank
Oct 15, 2008 River City Bank Village Bank
Aug 1, 2008 Transcommunity Bank, National Association Essex Bank
Aug 1, 2008 Danville Regional Medical Federal Credit Union Urw Community Federal Credit Union
Jul 1, 2008 Media 1st Federal Credit Union Call Federal Credit Union
Jul 1, 2008 City of Alexandria Employees Credit Union Commonwealth One Federal Credit Union
Jun 1, 2008 Boe Financial Services of Virginia, Inc. Community Bankers Trust Corporation
Jun 1, 2008 Shore Financial Corporation Xenith Bankshares, Inc.
Jun 1, 2008 Transcommunity Financial Corporation Community Bankers Trust Corporation
Jun 1, 2008 TMC Employees Credit Union Member One Federal Credit Union
Jun 1, 2008 Danville Postal Credit Union Blue Eagle Credit Union
May 24, 2008 Virginia Commonwealth Trust Company StellarOne Bank
May 24, 2008 Planters Bank & Trust Company of Virginia StellarOne Bank
Mar 15, 2008 Resource Bank Fulton Bank, N.A.
Mar 15, 2008 Prosperity Bank and Trust Company Atlantic Union Bank
Feb 28, 2008 FNB Corporation Stellarone Corporation
Jan 1, 2008 Lipton Suffolk Employees Federal Credit Union Bronco Federal Credit Union
Sep 15, 2007 The National Bank of Fredericksburg PNC Bank, N.A.
Sep 15, 2007 Marshall National Bank and Trust Company PNC Bank, N.A.
Sep 1, 2007 Cco Mortgage Corp. Citizens Bank, N.A.
Jul 14, 2007 The Marathon Bank United Bank
Jul 14, 2007 Premier Community Bankshares, Inc. Ubv Holding Company, LLC
Jul 14, 2007 Rockingham Heritage Bank United Bank
Jul 1, 2007 Capital One, F.S.B. Capital One, N.A.
Jul 1, 2007 Chesapeake & Ohio Employees Federal Credit Union Partners Financial Federal Credit Union
Jun 30, 2007 Bank of Louisa, National Association Transcommunity Bank, National Association
Jun 30, 2007 Bank of Rockbridge Transcommunity Bank, National Association
Jun 30, 2007 Bank of Powhatan, N.A. Transcommunity Bank, National Association
Jun 16, 2007 Shenandoah Valley National Bank Summit Community Bank, Inc
Jun 1, 2007 The Bank of Richmond, National Association Gateway Bank & Trust Company
May 11, 2007 Commerce Funding Corporation Wells Fargo Bank, N.A.
Mar 27, 2007 First Calvary Baptist Church Federal Credit Union Abnb Federal Credit Union
Feb 17, 2007 Virginia Heartland Bank (unnamed)
Feb 16, 2007 Potomac Bank of Virginia Sandy Spring Bank
Feb 1, 2007 Raap Federal Credit Union Member One Federal Credit Union
Feb 1, 2007 Southern Branch Federal Credit Union Chartway Federal Credit Union
Feb 1, 2007 PWH Employees Credit Union Healthcare Systems Federal Credit Union
Jan 1, 2007 Lynchburg Transit Employees Federal Credit Union Beacon Credit Union Incorporated
Jan 1, 2007 Branch Banking and Trust Company of Virginia Truist Bank
Dec 30, 2006 Patrick Henry National Bank Carter Bank & Trust
Dec 30, 2006 First National Exchange Bank Carter Bank & Trust

The list holds the 500 most recent of 984 mergers.

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