The Graveyard › Banks › 2009
Greater Atlantic Bank
Reston, VA · failed December 4, 2009 · FDIC certificate 32583
Greater Atlantic Bank of Reston, VA failed on December 4, 2009. It opened on May 27, 1887, 122 years before. At its last report before that it held $203.3 million in assets and $179.2 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2004, it held $538.0 million. The FDIC estimates that the Deposit Insurance Fund lost $26.6 million on it.
1988-062009-09
Assets at the end$203.3 millionlast report before December 4, 2009
Deposits at the end$179.2 million
Estimated loss to the fund$26.6 millionDIF
Largest in the quarterly reports$538.0 millionMarch 31, 2004
Equity to assets-0.8%September 30, 2009
Loans not being repaid2.4%noncurrent, September 30, 2009
Return on assets-3.85%a year's rate, September 30, 2009
Staff46full time, September 30, 2009
Also ended in 2009
- Bank of America N.A. · Charlotte · $1.47 trillion in assets · assisted
- FIA Card Services N.A. · Wilmington · $159.6 billion in assets · assisted
- Countrywide Bank, FSB · Alexandria · $118.0 billion in assets · assisted
- Merrill Lynch Bank USA · Salt Lake City · $61.8 billion in assets · assisted
- Merrill Lynch Bank & Trust Co., FSB · New York · $38.0 billion in assets · assisted
- Bank of America Rhode Island N.A. · Providence · $35.4 billion in assets · assisted
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.