ATLANTIC NATIONAL BANK Failed 1989

NORFOLK, VA · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

ATLANTIC NATIONAL BANK of NORFOLK, VA was closed on 1989-12-07. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to NEW ATLANTIC BANK, NATIONAL (NORFOLK, VA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2574
FDIC Certificate
20485
FDIC FIN
4126
Bank name
ATLANTIC NATIONAL BANK
Location
NORFOLK, VA
Failure date
1989-12-07
FDIC resolution date
1989-12-07
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$1M
Deposits at failure
$14M
Assets at failure
$14M
Acquiring bank
NEW ATLANTIC BANK, NATIONAL (NORFOLK, VA)