Data / Bank failures / 2009 / Greater Atlantic Bank
Greater Atlantic Bank, Reston, VA: failed December 4, 2009
Greater Atlantic Bank in Reston, Virginia, failed on December 4, 2009. Sonabank of McLean, VA, took over its deposits. It held $203.3 million in assets and $179.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $26.6 million (13.1% of its assets). By assets it was the 90th largest of 148 banks closed or assisted in 2009.
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The FDIC's record
- Closed
- December 4, 2009
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Sonabank, McLean, VA
- Total assets
- $203,262,000
- Total deposits
- $179,248,000
- Estimated cost to the FDIC
- $26,609,701 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- DIF
- FDIC certificate
- 32583
Other bank failures in Virginia, 2007 to 2011
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Bank of the Commonwealth | Norfolk | September 23, 2011 | $985.1 million | $901.8 million | $238.7 million | Southern Bank and Trust Company |
| Virginia Business Bank | Richmond | July 29, 2011 | $83.5 million | $73 million | $19.9 million | Xenith Bank |
| Imperial Savings and Loan Association | Martinsville | August 20, 2010 | $9.4 million | $10.1 million | $4.7 million | River Community Bank, National Association |
| Countrywide Bank FSB (assistance) | Alexandria | January 16, 2009 | $117.98 billion | $43.66 billion |
Other failed banks Sonabank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Harvest Bank of Maryland | Gaithersburg | MD | April 27, 2012 | $163 million | $145.5 million | $26.7 million | Sonabank |
All bank failures in 2009 · All bank failures in Virginia · Every failed bank Sonabank took over · 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.