# FIRST HANOVER BANK

> **Failed bank** · WILMINGTON, NC · failed 1991-10-25 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $6M

## What happened

FIRST HANOVER BANK of WILMINGTON, NC was closed by regulators 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
- **Estimated FDIC DIF cost:** $6M
- **Deposits at failure:** $47M
- **Assets at failure:** $48M
- **Acquiring bank:** CENTRAL CAROLINA BANK AND T (DURHAM, NC)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST HANOVER BANK (FDIC ID 3226), failed 1991-10-25. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3226.

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