# FIRST SOUTH SB

> **Failed bank** · COLUMBIA, SC · failed 1992-04-24 · SL · FDIC cost $8M

## What happened

FIRST SOUTH SB of COLUMBIA, SC was closed by state regulators on **1992-04-24**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **SOUTHTRUST BANK OF CHARLEST** (CHARLESTON, SC). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3315
- **FDIC Certificate:** 32186
- **FDIC FIN:** 1237
- **Bank name:** FIRST SOUTH SB
- **Location:** COLUMBIA, SC
- **Failure date:** 1992-04-24
- **FDIC resolution date:** 1993-09-24
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $8M
- **Deposits at failure:** $49M
- **Assets at failure:** $57M
- **Acquiring bank:** SOUTHTRUST BANK OF CHARLEST (CHARLESTON, SC)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST SOUTH SB (FDIC ID 3315), failed 1992-04-24. Retrieved via AI Analytics 2026-05-23 from https://api.ai-analytics.org/failed-bank/3315.

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