Failed Bank List
Failed Bank Information for Bank of the Commonwealth, Norfolk, VA
September 23, 2011,
Bank of The Commonwealth was closed by the
Virginia State Corporation Commission. The FDIC was named Receiver.
Southern Bank and Trust Company, Mount Olive, NC acquired all deposit accounts.
The FDIC as Receiver for
Bank of the Commonwealth, Norfolk, VA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on
May 22, 2023 and has made all dividend distributions required by law.
November 1, 2023, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.