Data / Bank failures / 1982 / Aquia BK & TR Company
Aquia BK & TR Company, Stafford, VA: failed April 3, 1982
Aquia BK & TR Company in Stafford, Virginia, failed on April 3, 1982. Peoples Bank of Danville of Danville, VA, took over its deposits. It held $14 million in assets and $12.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3.5 million (25.3% of its assets). By assets it was the 98th largest of 119 banks closed or assisted in 1982.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- April 3, 1982
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Peoples Bank of Danville, Danville, VA
- Total assets
- $14,009,000
- Total deposits
- $12,228,000
- Estimated cost to the FDIC
- $3,544,483 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- FDIC
- FDIC certificate
- 21068
Other bank failures in Virginia, 1980 to 1984
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Union Mutual S&LA | Richmond | January 27, 1984 | $8.6 million | $7.9 million | ||
| MT. Vernon S&LA (assistance) | Rosslyn | August 5, 1983 | $117.8 million | $118 million | $18.6 million | First Florida FSB |
| Middle Pnsla NRTH. Neck FS&LA (assistance) | Gloucester | August 5, 1983 | $44.7 million | $41.9 million | $4.3 million | First Florida FSB |
| Peninsula FS&LA (assistance) | Newport News | March 5, 1983 | $95.9 million | $76.1 million | $1.9 million | Bay Savings Bank FSB |
| First FS&LA of Newport News (assistance) | Newport News | March 5, 1983 | $94.6 million | $86.3 million | $4.4 million | Bay Savings Bank, FSB |
| First FS&LA of Suffolk (assistance) | Suffolk | August 6, 1982 | $102.7 million | $81.6 million | $18.7 million | Citizens S&LA FA |
All bank failures in 1982 · All bank failures in Virginia · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.