New Atlantic Bank

Status:Inactive as of 08/12/1993
 Absorption - Assisted
Successor Bank:Xenith Bank
Headquarters:New Atlantic Bank
415 St. Paul'S Boulevard
Norfolk, VA 23510
Established:12/07/1989
FDIC Insurance:12/07/1989
FDIC Cert:#32728
Charter Class:Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Total Assets:$15,083,000
Total Deposits:$14,364,000

History

1989-12-07Acquired Atlantic National Bank (20485) in NORFOLK, VA
1989-12-07Institution established: Original name:New Atlantic Bank, National Association
1993-08-12Failed. Acquired with government financial assistance and subsequently operated as part of Bank of Hampton Roads (27125)
2009-05-09Acquired Gateway Bank & Trust Company (34861) in ELIZABETH CITY, NC
2012-10-31Moved bank headquarters from NORFOLK, VA to VIRGINIA BEACH, VA
2015-10-10Acquired Shore Bank (31294) in ONLEY, VA
2016-07-30Changed name to Xenith Bank (27125)
2016-07-30Moved bank headquarters from VIRGINIA BEACH, VA to RICHMOND, VA
2016-07-30Acquired Xenith Bank (57487) in RICHMOND, VA
2018-01-01Merged into and subsequently operated as part of Union Bank & Trust (34589) in RICHMOND, VA
2019-02-01Acquired Access National Bank (35189) in RESTON, VA
2019-05-20Changed name to Atlantic Union Bank (34589)

Financial Information (1992-12-31 and Older)