NORTH CAROLINA FS & LA Failed 1990
What happened
NORTH CAROLINA FS & LA of CHARLOTTE, NC was closed on 1990-03-02. 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
- 2686
- FDIC Certificate
- 31744
- FDIC FIN
- 7179
- Bank name
- NORTH CAROLINA FS & LA
- Location
- CHARLOTTE, NC
- Failure date
- 1990-03-02
- FDIC resolution date
- 1990-09-21
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $42M
- Deposits at failure
- $455M
- Assets at failure
- $628M
- Acquiring bank
- FIRST CITIZENS B&TC (RALEIGH, NC)
Other banks FIRST CITIZENS B&TC acquired in FDIC resolutions