# HERITAGE FS & LA

> **Failed bank** · MONROE, NC · failed 1989-03-30 · SL · FDIC cost $49M

## What happened

HERITAGE FS & LA of MONROE, NC was closed by state regulators 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
- **Estimated FDIC DIF cost:** $49M
- **Deposits at failure:** $254M
- **Assets at failure:** $312M
- **Acquiring bank:** FIRST CITIZENS B&TC (RALEIGH, NC)

## Other banks FIRST CITIZENS B&TC has acquired in FDIC resolutions

- SURETY FS & LA (MORGANTON, NC) — failed 1991-07-09 — /failed-bank/3136
- NORTH CAROLINA FS & LA (CHARLOTTE, NC) — failed 1990-03-02 — /failed-bank/2686

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=HERITAGE%20FS%20%26%20LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, HERITAGE FS & LA (FDIC ID 2304), failed 1989-03-30. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/2304.

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