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July 29, 2011: Virginia
Business Bank, Richmond, VA was closed by the Virginia State Corporation
Commission. The Federal Deposit
Insurance Corporation was named receiver.
Successor Bank: All deposit accounts, including brokered deposits, have been transferred to Xenith Bank, Richmond, Virginia Xenith Bank History:
Est. in 2006 as Virginia Business Bank ►
Depositors must establish contact or the successor bank or the FDIC to
reclaim their deposits. ►
Not every depositor in a failed bank will receive notification from the
FDIC, and there are time limits on claims of FDIC-insured bank accounts,
CDs and safe deposit boxes. By law, accounts which go unclaimed for an
extended period may be time barred, and safe deposit boxes can be drilled
and the contents sold at auction. ► Additionally, accounts transferred to
successor institutions may have lower interest rates and can lose
insurance coverage. ► It is important to understand
you may have an account at a failed institution and not know it,
either because you were a depositor at a bank acquired by an institution
that subsequently failed, or if you or a deceased family member are the
beneficial owner of a brokered fiduciary account. ► For assistance tracing and reclaiming a lost bank account, certificate of deposit (CD) or safe deposit box go to: Unclaimed Funds: IRA, CD and Savings Account Search
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2011 FDIC Insured Failed Banks | |
Virginia
Business Bank 9020 Stony Point Parkway, Suite 225 Richmond, VA 23235 |
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Established |
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Cost to FDIC: $ 17 million | |
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© 2014 NUPA - NATIONAL UNCLAIMED PROPERTY ASSOCIATES |