# ATLANTIC NATIONAL BANK

> **Failed bank** · NORFOLK, VA · failed 1989-12-07 · National commercial bank (OCC-chartered) · FDIC cost $1M

## What happened

ATLANTIC NATIONAL BANK of NORFOLK, VA was closed by the OCC 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $14M
- **Assets at failure:** $14M
- **Acquiring bank:** NEW ATLANTIC BANK, NATIONAL (NORFOLK, VA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=ATLANTIC%20NATIONAL%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, ATLANTIC NATIONAL BANK (FDIC ID 2574), failed 1989-12-07. Retrieved via AI Analytics 2026-05-24 from https://api.ai-analytics.org/failed-bank/2574.

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