HERITAGE FS & LA Failed 1989
What happened
HERITAGE FS & LA of MONROE, NC was closed on 1989-03-30. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST CITIZENS B&TC (RALEIGH, NC). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2304
- FDIC Certificate
- 30613
- FDIC FIN
- 7180
- Bank name
- HERITAGE FS & LA
- Location
- MONROE, NC
- Failure date
- 1989-03-30
- FDIC resolution date
- 1990-09-21
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $49M
- Deposits at failure
- $254M
- Assets at failure
- $312M
- Acquiring bank
- FIRST CITIZENS B&TC (RALEIGH, NC)
Other banks FIRST CITIZENS B&TC acquired in FDIC resolutions