Bank failure · VA

Aquia Bk & Tr Company (Stafford, VA) — failed April 3, 1982

Aquia Bk & Tr Company of Stafford, Virginia was closed on April 3, 1982 and resolved through a purchase and assumption. Peoples Bank of Danville (VA) took over its insured deposits. At failure it held $14.0M in assets and $12.2M in deposits. The FDIC's estimated loss on the failure is $3.5M (25.3% of assets).