Home > Commonwealth Savings Bank of Virginia, FSB

Commonwealth Savings Bank of Virginia, FSB

Status:Inactive as of 04/03/1992
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Commonwealth Federal Savings Bank
Headquarters:Commonwealth Savings Bank of Virginia, FSB
9201 West Church Street
Manassas, VA 20110
Established:01/01/1964
FDIC Insurance:08/09/1989
FDIC Cert:#31453
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$72,536,000
Total Deposits:$64,780,000

History

1964-01-01Institution established: Original name:Commonwealth Savings and Loan Association
1986-06-30Changed name to Connonwealth Savings Bank
1991-09-23Changed organization type to STOCK SAVINGS BANK
1991-09-23Changed name to Commonwealth Savings Bank of Virginia, FSB
1992-04-03Institution established: Original name:Commonwealth Federal Savings Bank (33584)
1992-04-03Failed, went into receivership, and then became part of Commonwealth Federal Savings Bank (33584)
1992-04-03Placed into government conservatorship.
1994-05-06Acquired after government financial assistance and subsequently operated as part of Fairfax Bank & Trust Company (26276)
1994-05-06Government conservatorship or bridge bank resolved.
1996-08-09Acquired F & M Bank-Potomac (27357) in HERNDON, VA
1996-08-09Changed name to F & M Bank - Northern Virginia (25865)
1996-08-09Merged into and subsequently operated as part of F & M Bank - Northern Virginia (25865) in FAIRFAX, VA
1998-06-01Acquired The Bank of Alexandria (23988) in ALEXANDRIA, VA
1999-03-23Acquired Security Bank Corporation (26734) in MANASSAS, VA
2002-03-16Acquired F&M Trust Company (34737) in WINCHESTER, VA
2002-03-16Acquired F & M Bank-Peoples (6924) in WARRENTON, VA
2002-03-16Acquired F&M Bank-Winchester (6927) in WINCHESTER, VA
2002-03-16Acquired F & M Bank/Central Virginia (21205) in CHARLOTTESVILLE, VA
2002-03-16Acquired F&M Bank-Massanutten (22035) in HARRISONBURG, VA
2002-03-16Acquired F & M Bank-Richmond (22390) in RICHMOND, VA
2002-03-16Acquired F & M Bank - Northern Virginia (25865) in FAIRFAX, VA
2002-03-16Acquired F&M Bank-Emporia (6838) in EMPORIA, VA
2002-03-16Acquired F&M Bank - Highlands (22817) in COVINGTON, VA
2002-03-16Acquired F&M Bank- Atlantic (27554) in GLOUCESTER, VA
2002-03-16Merged into and subsequently operated as part of Branch Banking and Trust Company of Virginia (22584) in RICHMOND, VA
2003-10-10Acquired First Virginia Bank - Hampton Roads (6141) in NORFOLK, VA
2003-10-10Acquired First Vantage Bank /Tri-Cities (9982) in BRISTOL, VA
2003-10-10Acquired First Virginia Bank - Colonial (20450) in RICHMOND, VA
2003-10-10Acquired First Virginia Bank - Blue Ridge (6134) in STAUNTON, VA
2003-10-10Acquired First Virginia Bank-Southwest (20877) in ROANOKE, VA
2003-10-10Acquired First Virginia Bank (17092) in FALLS CHURCH, VA
2006-12-31Acquired Branch Banking and Trust Company of South Carolina (21098) in GREENVILLE, SC
2006-12-31Merged into and subsequently operated as part of Branch Banking and Trust Company (9846) in WINSTON SALEM, NC
2007-08-18Acquired Coastal Federal Bank (30683) in MYRTLE BEACH, SC
2008-12-12Acquired Haven Trust Bank (35379) in DULUTH, GA as part of a government assisted transaction.
2009-08-14Acquired Colonial Bank (9609) in MONTGOMERY, AL as part of a government assisted transaction.
2012-08-02Acquired BankAtlantic (30559) in FORT LAUDERDALE, FL
2013-01-01Acquired BB&T Financial, FSB (34780) in COLUMBUS, GA
2013-01-01Reorganized.
2013-05-01Reorganized.
2015-06-19Acquired The Bank of Kentucky, Inc. (33022) in CRESTVIEW HILLS, KY
2015-08-01Acquired Susquehanna Bank (7579) in LITITZ, PA
2015-08-01Acquired Susquehanna Trust & Investment Company (35359) in LANCASTER, PA
2015-08-01Acquired Semper Trust Company (33308) in KING OF PRUSSIA, PA
2016-04-01Acquired National Penn Bank (7414) in ALLENTOWN, PA
2019-12-07Acquired SunTrust Bank (867) in ATLANTA, GA
2019-12-07Moved bank headquarters from WINSTON SALEM, NC to CHARLOTTE, NC
2019-12-07Changed name to Truist Bank (9846)