Bank failure · VA
Greater Atlantic Bank (Reston, VA) — failed December 4, 2009
Greater Atlantic Bank of Reston, Virginia was closed on December 4, 2009 and resolved through a purchase and assumption. Sonabank (VA) took over its insured deposits. At failure it held $203.3M in assets and $179.2M in deposits. The FDIC's estimated loss on the failure is $26.6M (13.1% of assets).
- Closing date
- December 4, 2009
- FDIC certificate #
- 32583
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Sonabank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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