GREATER ATLANTIC BANK Failed 2009
What happened
GREATER ATLANTIC BANK of RESTON, VA was closed on 2009-12-04. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SONABANK (MCLEAN, VA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3722
- FDIC Certificate
- 32583
- FDIC FIN
- 10156
- Bank name
- GREATER ATLANTIC BANK
- Location
- RESTON, VA
- Failure date
- 2009-12-04
- FDIC resolution date
- 2009-12-04
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $27M
- Deposits at failure
- $179M
- Assets at failure
- $203M
- Acquiring bank
- SONABANK (MCLEAN, VA)
Other banks SONABANK acquired in FDIC resolutions