Failed Bank Information for Imperial Savings and Loan Association, Martinsville, VA
On Friday, August 20, 2010, Imperial Savings and Loan Association was closed by the Office of Thrift Supervision. The FDIC was named Receiver. River Community Bank, National Association (N.A.), Martinsville, VA acquired all deposit accounts.
The FDIC as Receiver for Imperial Savings and Loan Association, Martinsville, VA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on September 4, 2020 and has made all dividend distributions required by law.
Effective February 1, 2021, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status
TERMINATED
Effective Date: February 1, 2021
Publication Date: September 4, 2020
Beware of scams!
Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
ACQUIRING INSTITUTION: RIVER COMMUNITY BANK, NATIONAL ASSOCIATION (N.A.)
About River Community Bank, National Association (N.A.)
All deposit accounts were transferred to River Community Bank, National Association (N.A.), Martinsville, VA ("assuming institution"). Former Imperial Savings and Loan Association locations reopened as branches of River Community Bank, National Association (N.A.).
Your transferred deposits were separately insured from any accounts you may have already had at River Community Bank, National Association (N.A.) for at least six months after the failure of Imperial Savings and Loan Association.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with River Community Bank, National Association (N.A.) as long as the deposits are not pledged as collateral for loans.
Contacting River Community Bank, National Association (N.A.)
River Community Bank, N.A. has changed its legal name and is currently doing business as Blue Ridge Bank, National Association (N.A.)
You can contact River Blue Ridge Bank, National Association (N.A.):
Blue Ridge Bank, N.A.
1 E Market St
Martinsville, VA 24112
Blue Ridge Bank (www.mybrb.com)
Transaction Documentation
Purchase & Assumption Agreement - PDF (1Mb)
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank