The Graveyard › Banks › 2011
Virginia Business Bank
Richmond, VA · failed July 29, 2011 · FDIC certificate 58283
Virginia Business Bank of Richmond, VA failed on July 29, 2011. It opened on April 3, 2006, 5 years before. At its last report before that it held $83.5 million in assets and $73.0 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2008, it held $167.8 million. The FDIC estimates that the Deposit Insurance Fund lost $19.9 million on it.
2006-062011-06
Assets at the end$83.5 millionlast report before July 29, 2011
Deposits at the end$73.0 million
Estimated loss to the fund$19.9 millionDIF
Largest in the quarterly reports$167.8 millionDecember 31, 2008
Equity to assets0.6%June 30, 2011
Loans not being repaid8.7%noncurrent, June 30, 2011
Return on assets-5.95%a year's rate, June 30, 2011
Staff8full time, June 30, 2011
Also ended in 2011
- Superior Bank · Birmingham, AL · $3.0 billion in assets
- First Community Bank · Taos, NM · $2.2 billion in assets
- United Western Bank · Denver, CO · $2.2 billion in assets
- Integra Bank National Association · Evansville, IN · $2.0 billion in assets
- Lydian Private Bank · Palm Beach, FL · $1.7 billion in assets
- Community Banks of Colorado · Greenwood Village, CO · $1.3 billion in assets
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.