# NEW ATLANTIC BANK, NA

> **Failed bank** · NORFOLK, VA · failed 1993-08-12 · National commercial bank (OCC-chartered) · FDIC cost $1M

## What happened

NEW ATLANTIC BANK, NA of NORFOLK, VA was closed by the OCC on **1993-08-12**. The FDIC was named receiver.

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

Deposits were transferred to **BANK OF HAMPTON ROADS** (CHESAPEAKE, VA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3470
- **FDIC Certificate:** 32728
- **FDIC FIN:** 4594
- **Bank name:** NEW ATLANTIC BANK, NA
- **Location:** NORFOLK, VA
- **Failure date:** 1993-08-12
- **FDIC resolution date:** 1993-08-12
- **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:** $15M
- **Acquiring bank:** BANK OF HAMPTON ROADS (CHESAPEAKE, VA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=NEW%20ATLANTIC%20BANK%2C%20NA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, NEW ATLANTIC BANK, NA (FDIC ID 3470), failed 1993-08-12. Retrieved via AI Analytics 2026-06-30 from https://api.ai-analytics.org/failed-bank/3470.

---

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