GREAT ATLANTIC SAVINGS BANK Failed 1989
What happened
GREAT ATLANTIC SAVINGS BANK of MANTEO, NC was closed on 1989-03-30. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to NCNB NB OF NC (CHARLOTTE, NC). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2306
- FDIC Certificate
- 32405
- FDIC FIN
- 6916
- Bank name
- GREAT ATLANTIC SAVINGS BANK
- Location
- MANTEO, NC
- Failure date
- 1989-03-30
- FDIC resolution date
- 1989-09-15
- Charter type
- Savings bank
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $48M
- Deposits at failure
- $124M
- Assets at failure
- $127M
- Acquiring bank
- NCNB NB OF NC (CHARLOTTE, NC)