Bank failure · VA
Virginia Business Bank (Richmond, VA) — failed July 29, 2011
Virginia Business Bank of Richmond, Virginia was closed on July 29, 2011 and resolved through a purchase and assumption. Xenith Bank (VA) took over its insured deposits. At failure it held $83.5M in assets and $73.0M in deposits. The FDIC's estimated loss on the failure is $19.9M (23.8% of assets).
- Closing date
- July 29, 2011
- FDIC certificate #
- 58283
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Xenith Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
Other failures in 2011
- Premier Community Bank of the Emerald Coast FL
- Western National Bank AZ
- Central Progressive Bank LA
- Polk County Bank IA
- Community Bank of Rockmart GA
- Sunfirst Bank UT
- Mid City Bank, Inc. NE
- All American Bank IL
- Community Banks of Colorado CO
- Old Harbor Bank FL
- Community Capital Bank GA
- Decatur First Bank GA
- Piedmont Community Bank GA
- Country Bank IL
- First State Bank NJ
- Blue Ridge Savings Bank, Inc. NC
- The Riverbank MN
- Sun Security Bank MO
- First International Bank TX
- Citizens Bank of Northern California CA
- Bank of the Commonwealth VA
- The First National Bank of Florida FL
- Patriot Bank of Georgia GA
- Creekside Bank GA