$203M
total assets, September 30, 2009
Greater Atlantic Bank was a savings bank in Reston, VA. It failed on Dec 4, 2009, and Sonabank took over its deposits. At its last report it held $203.3 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2009
This bank failed
- Failed on
- Dec 4, 2009
- Assets
- $203M
- Deposits
- $179M
- Estimated cost
- $26.6M
- Deposits went to
- Sonabank, Mclean, VA
Total assets
$203M
+0.4% in a year · -0.8% in a quarter
Deposits
$179M
+8.3% in a year · +1.4% in a quarter
Loans
$143M
-5.0% in a year · -2.6% in a quarter
Profit so far
-$6.1M
Jan 1 to Sep 30, 2009
Capital ratio
1.53%
-3.74 pts in a year
Return on assets
-3.85%
+1.82 pts in a year
Facts
- Type
- Savings bank
- Head office
- 10700 Parkridge Boulevard, Suite P50, Reston, VA, 20191
- County
- Fairfax
- Established
- May 27, 1887
- Failed
- Dec 4, 2009
- Employees
- 46
- Branches
- 5 in 2 states
- Id
- b32583
Quarter by quarter
June 30, 1988 to September 30, 2009
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Greater Atlantic Bank?
$203.3 million in total assets and $179.2 million in deposits as of September 30, 2009, with assets up 0.4% from a year before. Its loans were $143.2 million.
How many branches does Greater Atlantic Bank have?
5 branches in 2 states as of June 30, 2026.
Is Greater Atlantic Bank profitable?
No: it lost $6.08 million from January 1 to September 30, 2009. Its return on assets was -3.85% a year; about 1% is typical.
When did Greater Atlantic Bank fail?
Dec 4, 2009. Sonabank of Mclean, VA took over its deposits. The estimated cost of the failure was $26.6 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.