Data / Bank failures / Virginia
Bank failures in Virginia: 41 banks since 1935
41 banks in Virginia failed between 1935 and 2014, holding $13.47 billion in assets and $11.00 billion in deposits. The FDIC estimates the cost to its insurance fund at $2.31 billion. The FDIC also assisted 13 open banks without closing them. The largest: Perpetual Savings Bank ($2.89 billion), Investors FSB ($2.06 billion), Trustbank FSB ($1.82 billion). By decade: 1930s 6, 1940s 2, 1960s 1, 1980s 20, 1990s 19, 2000s 2, 2010s 4.
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| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Millennium Bank, National Association | Sterling | February 28, 2014 | $130.3 million | $121.7 million | $10.9 million | Washingtonfirst Bank |
| 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 |
| Greater Atlantic Bank | Reston | December 4, 2009 | $203.3 million | $179.2 million | $26.6 million | Sonabank |
| Countrywide Bank FSB (assistance) | Alexandria | January 16, 2009 | $117.98 billion | $43.66 billion | ||
| New Atlantic Bank, NA | Norfolk | August 12, 1993 | $15.1 million | $14.4 million | $792,379 | Bank of Hampton Roads |
| Sailors & Merchants B&T Co. | Vienna | December 11, 1992 | $34.8 million | $34.5 million | $5 million | First Union Bank of Virg |
| Peidmont Fsa | Manassas | October 9, 1992 | $444.6 million | $370.1 million | $75.6 million | Crestar Bank |
| The Washington Bank | Fairfax County | September 18, 1992 | $28.1 million | $27.9 million | $5.1 million | George Mason Bank |
| Liberty FSB | Warrenton | July 17, 1992 | $92 million | $86.9 million | $12.3 million | Jefferson NB |
| Home FSB | Norfolk | July 10, 1992 | $224.2 million | $195.2 million | $42.8 million | Home SB, FSB |
| Federal Sa of Virginia | Falls Church | April 10, 1992 | $31.5 million | $29.6 million | $14.5 million | Fairfax B&TC |
| Commonwealth FSB | Manassas | April 3, 1992 | $72.5 million | $64.8 million | $16.4 million | Fairfax B&TC |
| Vista Fsa | Reston | February 28, 1992 | $113.2 million | $108.7 million | $36.9 million | Eastern American Bank, FSB |
| Perpetual Savings Bank | Vienna | January 10, 1992 | $2.89 billion | $2.45 billion | $453.7 million | Crestar Bank |
| Investors FSB | Richmond | December 13, 1991 | $2.06 billion | $1.43 billion | $470.7 million | Central Fidelity Bank |
| First Security Bank | Roanoke | May 24, 1991 | $15.9 million | $15 million | $4.5 million | First Century Bank |
| Madison National Bank of Virginia | McLean | May 10, 1991 | $174.2 million | $159.4 million | $18.2 million | Signet Bank - Virginia |
| Sentry Fsa | Norfolk | May 3, 1991 | $50.3 million | $47.2 million | $12.3 million | |
| Coreast FSB | Richmond | February 1, 1991 | $1.21 billion | $993.2 million | $210.8 million | |
| Trustbank FSB | Tysons Corner | January 25, 1991 | $1.82 billion | $1.51 billion | $172.8 million | |
| Heritage Savings Bank, FSB | Richmond | October 19, 1990 | $888.8 million | $726.2 million | $124.2 million | CRFC Interim SB (crestar Ba |
| United FSB | Vienna | July 31, 1990 | $415.6 million | $352.7 million | $134.5 million | Crestar Bank |
| Security FS & La | Richmond | March 2, 1990 | $341.6 million | $237.5 million | $24 million | Crestar Bank |
| Atlantic Permanent Federal | Norfolk | December 8, 1989 | $581 million | $370.6 million | $79.9 million | |
| Atlantic National Bank | Norfolk | December 7, 1989 | $14.4 million | $13.7 million | $626,535 | New Atlantic Bank, National |
| Seasons Federal Savings Bank | Richmond | October 19, 1989 | $260.8 million | $213.7 million | $49.4 million | Crestar Bank |
| Peoples S & L Assoc. | Hampton | June 29, 1989 | $23.9 million | $24.3 million | $1.4 million | Consolidated B&TC |
| Community Fed. S & L Assoc. | Newport News | March 30, 1989 | $9.4 million | $10 million | $1.3 million | Consolidated B&TC |
| Virginia FS&LA (assistance) | Richmond | December 23, 1988 | $678.9 million | $517 million | $13.5 million | Virginia FSB |
| Ultimate Savings Bank | Richmond | September 16, 1988 | $206.5 million | $194.3 million | $34.9 million | |
| McLean S&LA (assistance) | McLean | July 8, 1988 | $318.9 million | $326.1 million | $88.9 million | NVR Federal Savings Bank |
| American FS&LA (assistance) | Lynchburg | December 31, 1987 | $166.5 million | $196.7 million | $44.5 million | First Federal of Roanoke |
| Mountain Security SB (assistance) | Wytheville | June 6, 1986 | $125.3 million | $114.3 million | $18.9 million | Carteret S&LA FA |
| First of Montgomery County (assistance) | Blacksburg | June 6, 1986 | $14.5 million | $15.5 million | $3.3 million | Carteret S&LA FA |
| Family FS&LA (assistance) | Springfield | September 27, 1985 | $57.1 million | $71.2 million | $776,000 | Columbia First FS&LA |
| Northern Virginia S&LA (assistance) | Arlington | May 2, 1985 | $237.2 million | $240.6 million | $18.9 million | Northern Virginia S&LA A FA |
| 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 |
| Aquia BK & TR Company | Stafford | April 3, 1982 | $14 million | $12.2 million | $3.5 million | Peoples Bank of Danville |
| Crown Savings Bank | Newport News | September 4, 1964 | $7.9 million | $7 million | ||
| Augusta County Bank, Inc. | Churchville | September 14, 1946 | $351,000 | $316,000 | ||
| The Farmers & Merchants State Bank | Fredericksburg | January 13, 1945 | $6.4 million | $5.7 million | ||
| The Parksley National Bank | Parksley | May 18, 1939 | $279,000 | $182,000 | ||
| Merchants' and Mechanics' Savings Bank of Norfolk | Norfolk | March 26, 1938 | $2.9 million | |||
| Bank of Northampton, Incorporated | Nassawadox | March 3, 1938 | $300,000 | |||
| Peoples Bank of Bloxom, Inc. | Bloxom | July 19, 1937 | $101,000 | $63,000 | ||
| Farmers & Merchants Trust Bank | Cape Charles | May 22, 1937 | $844,000 | |||
| The National Bank of Herndon | Herndon | January 9, 1935 | $387,000 | $384,000 |
Other states
- Alabama 39
- Alaska 13
- Arizona 44
- Arkansas 45
- California 265
- Colorado 103
- Connecticut 48
- Delaware 4
- District of Columbia 8
- Florida 199
- Georgia 135
- Guam 1
- Hawaii 6
- Idaho 8
- Illinois 229
- Indiana 52
- Iowa 83
- Kansas 124
- Kentucky 47
- Louisiana 167
- Maine 6
- Maryland 36
- Massachusetts 59
- Michigan 46
- Minnesota 81
- Mississippi 38
- Missouri 136
- Montana 19
- Nebraska 54
- Nevada 17
- New Hampshire 20
- New Jersey 112
- New Mexico 32
- New York 104
- North Carolina 30
- North Dakota 43
- Ohio 61
- Oklahoma 183
- Oregon 38
- Pennsylvania 73
- Puerto Rico 17
- Rhode Island 7
- South Carolina 23
- South Dakota 44
- Tennessee 80
- Texas 911
- U.S. Virgin Islands 1
- Utah 30
- Vermont 5
- Washington 38
- West Virginia 19
- Wisconsin 51
- Wyoming 29
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.