FIRST HANOVER BANK Failed 1991
What happened
FIRST HANOVER BANK of WILMINGTON, NC was closed on 1991-10-25. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CENTRAL CAROLINA BANK AND T (DURHAM, NC). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3226
- FDIC Certificate
- 26561
- FDIC FIN
- 4419
- Bank name
- FIRST HANOVER BANK
- Location
- WILMINGTON, NC
- Failure date
- 1991-10-25
- FDIC resolution date
- 1991-10-25
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $6M
- Deposits at failure
- $47M
- Assets at failure
- $48M
- Acquiring bank
- CENTRAL CAROLINA BANK AND T (DURHAM, NC)