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Bank of the Commonwealth, Norfolk, VA, Closed By Regulators

September 23, 2011 By Problem Bank List Staff 1 Comment

Bank of the Commonwealth, Norfolk, Virginia, founded in 1970, was closed today by the Virginia State Corporation Commission.  The FDIC, acting as receiver, sold the failed bank to Southern Bank and Trust Company of Mount Olive, North Carolina. Bank of the Commonwealth had a total of 21 branches with 17 operating in Virginia and 4 […]

Filed Under: Bank Failure, Banking News, Failed Banks, FDIC, featured, problem banks Tagged With: 72nd banking failure, bank failure, Bank of the Commonwealth, failed bank, problem bank, Southern Bank and Trust Company

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