# ATLANTIC PERMANENT FEDERAL

> **Failed bank** · NORFOLK, VA · failed 1989-12-08 · Savings bank · FDIC cost $80M

## What happened

ATLANTIC PERMANENT FEDERAL of NORFOLK, VA was closed by state regulators on **1989-12-08**. The FDIC was named receiver.

**Resolution:** PO

Deposits were transferred to **BRANCH SALE** (NONE, NA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2584
- **FDIC Certificate:** 28223
- **FDIC FIN:** 7346
- **Bank name:** ATLANTIC PERMANENT FEDERAL
- **Location:** NORFOLK, VA
- **Failure date:** 1989-12-08
- **FDIC resolution date:** 1991-07-12
- **Charter type:** Savings bank
- **Resolution type:** PO
- **Estimated FDIC DIF cost:** $80M
- **Deposits at failure:** $371M
- **Assets at failure:** $581M
- **Acquiring bank:** BRANCH SALE (NONE, NA)

## Other banks BRANCH SALE has acquired in FDIC resolutions

- WESTERN FSB (MARINA DEL RAY, CA) — failed 1993-06-04 — /failed-bank/3457
- PIONEER FS & LA (PRAIRIE VILLAGE, KS) — failed 1993-04-02 — /failed-bank/3448
- SECOND NATIONAL, FSB (SALISBURY, MD) — failed 1992-12-04 — /failed-bank/3424
- CARTERET FSB (MADISON, NJ) — failed 1992-12-04 — /failed-bank/3422
- POLIFLY FS & LA (NEW MILFORD, NJ) — failed 1992-11-20 — /failed-bank/3417
- IRVING FB FOR SAVINGS (CHICAGO, IL) — failed 1992-11-20 — /failed-bank/3416
- FIRST FSB OF GEORGIA, FA (WINDER, GA) — failed 1992-11-06 — /failed-bank/3408
- HOMESTEAD FSA (SAN FRANCISCO, CA) — failed 1992-10-30 — /failed-bank/3406
- STANDARD FSB (GAITHERSBURG, MD) — failed 1992-10-21 — /failed-bank/3385
- SECURITY FS & LA (JACKSON, MS) — failed 1992-10-16 — /failed-bank/3384

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, ATLANTIC PERMANENT FEDERAL (FDIC ID 2584), failed 1989-12-08. Retrieved via AI Analytics 2026-07-01 from https://api.ai-analytics.org/failed-bank/2584.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*