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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
Jul 17, 1999 First Community Bank of Saltville Branch Banking and Trust Company of Virginia
Jul 17, 1999 Bank of Ferrum Branch Banking and Trust Company of Virginia
Jul 17, 1999 Bank of Carroll Branch Banking and Trust Company of Virginia
Jul 17, 1999 First Virginia Bank - Commonwealth First Virginia Bank - Hampton Roads
Jul 17, 1999 The First National Bank of Clifton Forge Branch Banking and Trust Company of Virginia
Jun 26, 1999 King George State Bank, Inc. Atlantic Union Bank
May 8, 1999 First Century Bank First Century Bank, Inc.
May 1, 1999 First Community Bank of Southwest Virginia, Inc. First Community Bank
May 1, 1999 Ubcp Richmond Federal Credit Union 1st Advantage Federal Credit Union
Apr 1, 1999 United Way Federal Credit Union Commonwealth One Federal Credit Union
Mar 27, 1999 First Coastal Bank RBC Bank (USA)
Mar 23, 1999 Security Bank Corporation F & M Bank - Northern Virginia
Mar 6, 1999 First Virginia Bank - Franklin County First Virginia Bank-Southwest
Mar 6, 1999 First Virginia Bank - Piedmont First Virginia Bank-Southwest
Mar 6, 1999 MainStreet Financial Corporation BB&T Financial Corporation of Virginia
Mar 6, 1999 First Virginia Bank - Clinch Valley First Virginia Bank-Southwest
Mar 1, 1999 Heironimus Employees Federal Credit Union Member One Federal Credit Union
Dec 18, 1998 The Marine Bank Farmers & Merchants Bank - Eastern Shore
Dec 1, 1998 United Community Bankshares, Inc. Atlantic Financial Corp.
Oct 1, 1998 Salem Eba Credit Union Virginia Federal Credit Union
Sep 18, 1998 The Eastville Bank Farmers & Merchants Bank - Eastern Shore
Aug 15, 1998 Life Savings Bank, FSB Branch Banking and Trust Company of Virginia
Aug 13, 1998 Mentor Trust Company (Virginia) Wachovia Bank, N.A.
Aug 7, 1998 Summit Bankshares, Inc. One Valley Bancorp, Inc.
Aug 1, 1998 Regency Bank MainStreet Bank Central Virginia
Aug 1, 1998 First Community Bank MainStreet Bank Central Virginia
Aug 1, 1998 LYN Telco Federal Credit Union Member One Federal Credit Union
Jul 11, 1998 Ici Employees Credit Union Spruance Cellophane Credit Union
Jul 1, 1998 Rappahannock Bankshares, Inc. Atlantic Union Bankshares Corporation
Jun 8, 1998 First Federal Savings Bank of Lynchburg One Valley Bank-Central Virginia, National Association
Jun 3, 1998 Cenit Bank CENIT Bank
Jun 1, 1998 The Bank of Alexandria F & M Bank - Northern Virginia
May 1, 1998 Kerns Bristol Employees Federal Credit Union Mountain Empire Federal Credit Union
Apr 18, 1998 Fidelity Federal Savings Bank Branch Banking and Trust Company of Virginia
Apr 18, 1998 Virginia First Savings, FSB Branch Banking and Trust Company of Virginia
Apr 18, 1998 United Bank United Bank
Apr 1, 1998 Peoples Bank of Virginia F & M Bank-Richmond
Mar 30, 1998 Ffva Financial Corporation One Valley Bancorp, Inc.
Mar 20, 1998 Jefferson National Bank Wachovia Bank, National Association
Mar 20, 1998 Central Fidelity National Bank Wachovia Bank, National Association
Mar 10, 1998 Regency Financial Shares, Inc. MainStreet Financial Corporation
Feb 27, 1998 Signet Trust Company Wachovia Bank, N.A.
Jan 1, 1998 Hampton University Federal Credit Union Virginia Educators' Credit Union
Dec 29, 1997 Premier Trust Company First Virginia Bank
Dec 15, 1997 Central Fidelity Banks, Inc. Wachovia Corporation
Dec 1, 1997 Eastern American Bank, Federal Savings Bank Resource Bank
Nov 29, 1997 Signet Bank Wachovia Bank, N.A.
Nov 29, 1997 Signet Banking Corporation Wachovia Corporation
Nov 22, 1997 Naval Hospital Credit Union Navy Federal Credit Union
Nov 13, 1997 S&S Machinery Credit Union Beacon Credit Union Incorporated

The list holds the 500 most recent of 984 mergers.

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