# VIRGINIA BUSINESS BANK

> **Failed bank** · RICHMOND, VA · failed 2011-07-29 · State commercial bank, Federal Reserve member · FDIC cost $20M

## What happened

VIRGINIA BUSINESS BANK of RICHMOND, VA was closed by state regulators on **2011-07-29**. The FDIC was named receiver.

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

Deposits were transferred to **XENITH BANK** (RICHMOND, VA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3951
- **FDIC Certificate:** 58283
- **FDIC FIN:** 10385
- **Bank name:** VIRGINIA BUSINESS BANK
- **Location:** RICHMOND, VA
- **Failure date:** 2011-07-29
- **FDIC resolution date:** 2011-07-29
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $20M
- **Deposits at failure:** $73M
- **Assets at failure:** $83M
- **Acquiring bank:** XENITH BANK (RICHMOND, VA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, VIRGINIA BUSINESS BANK (FDIC ID 3951), failed 2011-07-29. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/3951.

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