New Atlantic Bank, National Association
Norfolk, VA
$15.1M
total assets, June 30, 1993
$15.1M
total assets, June 30, 1993
New Atlantic Bank, National Association was a national bank in Norfolk, VA. It failed on Aug 12, 1993, and Bank Of Hampton Roads took over its deposits. At its last report it held $15.1 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1993
This bank failed
- Failed on
- Aug 12, 1993
- Assets
- $15.1M
- Deposits
- $14.4M
- Estimated cost
- $792K
- Deposits went to
- Bank Of Hampton Roads, Chesapeake, VA
Total assets
$15.1M
-13.9% in a year · -3.6% in a quarter
Deposits
$14.4M
-12.2% in a year · -3.6% in a quarter
Loans
$7.2M
-17.8% in a year · +2.8% in a quarter
Profit so far
-$28K
Jan 1 to Jun 30, 1993
Capital ratio
1.10%
-1.72 pts in a year
Return on assets
-0.36%
+1.74 pts in a year
Facts
- Type
- National bank
- Head office
- 415 St. Paul'S Boulevard, Norfolk, VA, 23510
- County
- Norfolk City
- Established
- Dec 7, 1989
- Failed
- Aug 12, 1993
- Employees
- 18
- Id
- b32728
Quarter by quarter
December 31, 1989 to June 30, 1993
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 New Atlantic Bank, National Association?
$15.1 million in total assets and $14.4 million in deposits as of June 30, 1993, with assets down 13.9% from a year before. Its loans were $7.19 million.
Is New Atlantic Bank, National Association profitable?
No: it lost $28,000 from January 1 to June 30, 1993. Its return on assets was -0.36% a year; about 1% is typical.
When did New Atlantic Bank, National Association fail?
Aug 12, 1993. Bank Of Hampton Roads of Chesapeake, VA took over its deposits. The estimated cost of the failure was $792,379.
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.