Bank of the Commonwealth Overview
Bank of the Commonwealth, founded in April 14, 1971, is currently an inactive FDIC insured bank. The chartering agency for Bank of the Commonwealth is currently with the State. This FDIC insured bank is not being operated by government conservatorship. Bank of the Commonwealth has an FDIC insurance membership with the DIF – Deposit Insurance Fund and is regulated by the Federal Reserve Board (FRB).
Bank of the Commonwealth is assigned uner the Atlanta Federal Deposit Insurance Corporation (FDIC) supervisory office and had obtained their federal deposit insurance on April 14, 1971.
Address Location and Maps for Bank of the Commonwealth
| Bank Name | Bank of the Commonwealth | |
| Address | Boush And Freemason Streets Norfolk, VA 23510 |
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| County: | Norfolk City | |
| Bank’s State: | Virginia | |
| Website: | http://www.bankofthecommonwealth.com:80/ |
Bank of the Commonwealth Detailed Information
| FDIC Certificate ID | 20408 |
| Bank Institution Name | Bank of the Commonwealth |
| Is the Bank Active? | Inactive |
| Office of Thrift Supervision Docket ID | 15592 |
| Total Assets | $1,031,584,000 |
| Total Deposits | $912,634,000 |
| Regulator | Federal Reserve Board (FRB) |
| Bank Charter Class | SM – Commercial Bank. Bank is supervised by the Federal Reserve Board (FRB). State Charter and Fed member |
| FDIC Bank’s Chartering Agency | State |
| Bank is FDIC Insured | No, FDIC insured bank is NOT a member of the Bank Insurance Fund |
| Bank Insurance Fund | DIF – Deposit Insurance Fund |
| Date of Deposit Insurance | April 14, 1971 |
| Change Code | 412 |
| Change Code Description | Merge BIF and SAIF Funds into DIF |
| OCC Bank Charter Number | No FDIC Bank Charter Number |
| Conservatorship | FDIC insured bank is not being operated by government conservatorship. |
| Inactive Bank that used to be FDIC insured? | No |
| Credit Card Institution | No, bank is not a credit card institution. Credit card loans do not exceed 50% of the FDIC Bank institution’s total assets, including loans that have been securitized and sold. |
| Insured Commercial Banks | Yes |
| FDIC Supervisory Region | Atlanta |
| Insured Savings Institution | No, Bank is not Savings Association Insurance Fund (SAIF) insured |
| State Charter | Yes |
| County | Norfolk City |
| Office of Thrift Supervision Region | Southeast |
| Assigned Federal Reserve District | Atlanta |
| Oakar Institutions | No |
| FDIC Field Office | 0 |
| Insured offices of foreign banks | 0 |
Bank of the Commonwealth is insured by the Federal Deposit Insurance Corporation (FDIC)