Bank failure · VA
Atlantic National Bank (Norfolk, VA) — failed December 7, 1989
Atlantic National Bank of Norfolk, Virginia was closed on December 7, 1989 and resolved through a purchase and assumption. New Atlantic Bank, National (VA) took over its insured deposits. At failure it held $14.4M in assets and $13.7M in deposits. The FDIC's estimated loss on the failure is $627K (4.3% of assets).
- Closing date
- December 7, 1989
- FDIC certificate #
- 20485
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- New Atlantic Bank, National
- Insurance fund
- BIF
Other failures in 1989
- Columbia Fsa TX
- Silver Savings Assoc. NM
- United Community Bank CA
- First City National Bank and Trust NY
- First American Bank and Trust FL
- Yorkridge-Calvert Federal Savings MD
- Louisiana Savings Assn. LA
- Red River S & L Assoc. LA
- North Side State Bank OK
- First Acadiana Bank LA
- Canyon Lake Bank TX
- Midlothian National Bank TX
- City National Bank of Sayre OK
- City Savings, FSB NJ
- First Bank, Pineville, Louisiana LA
- Atlantic Permanent Federal VA
- Orange State Bank FL
- First National Bank of Frisco TX
- The Garnett S & L Assoc. KS
- Westheimer Memorial Bank, NA TX
- Aledo State Bank TX
- First Commerce National Bank AZ
- Arlington Heights Savings Assoc. IL
- Community Federal Savings Assoc. CT