Bank of the Commonwealth

Details Bank of the Commonwealth Bank of the Commonwealth

www.bankofthecommonwealth.com

Virginia

Norfolk (city)

Norfolk

(SM) Commercial bank, state charter & Fed member

inactive

20408

1971

FDIC Certificate Number: 20408
FDIC's unique number: 14063
The FDIC Field Office where an institution is physically located: Richmond

Federal Reserve ID Number: 821120
Report Date: 2011-06-30

Bank Charter Class: SM

Number of Domestic Offices: 21
Number of Foreign Offices: 0
The date of the last data update: 2011-09-26

1971-04-14 Institution established. Original name: Bank Of The Commonwealth.
1996-03-12 Changed trust powers from Trust Powers Not Granted to Full Trust Powers Granted.
2011-09-23 Merged with government financial assistance and subsequently operated as part of Southern Bank and Trust Company in Mount Olive, North Carolina.
2011-09-23 FDIC closing information for Bank Of The Commonwealth : http://www.fdic.gov/bank/individual/failed/boc-va.html.

Total assets: $985,096,000
Total deposits: $901,845,000
Deposits held in domestic offices: $901,845,000
Equity capital: $16,459,000

Net income: $-32,752,000

Return on Assets: -6.31
Return on Equity: -182.7
Last updated on: 2011-10-20

Bank Holding Company: Commonwealth Bankshares, Inc.

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Profile ID: LFUS-BAB-P-15431