# GREAT ATLANTIC SAVINGS BANK

> **Failed bank** · MANTEO, NC · failed 1989-03-30 · Savings bank · FDIC cost $48M

## What happened

GREAT ATLANTIC SAVINGS BANK of MANTEO, NC was closed by state regulators 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
- **Estimated FDIC DIF cost:** $48M
- **Deposits at failure:** $124M
- **Assets at failure:** $127M
- **Acquiring bank:** NCNB NB OF NC (CHARLOTTE, NC)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=GREAT%20ATLANTIC%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GREAT ATLANTIC SAVINGS BANK (FDIC ID 2306), failed 1989-03-30. Retrieved via AI Analytics 2026-07-09 from https://api.ai-analytics.org/failed-bank/2306.

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