COOPER RIVER, FSA Failed 1992
What happened
COOPER RIVER, FSA of NORTH CHARLESTON, SC was closed on 1992-06-05. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST CITIZENS B&TC OF SC (COLUMBIA, SC). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3335
- FDIC Certificate
- 28847
- FDIC FIN
- 1282
- Bank name
- COOPER RIVER, FSA
- Location
- NORTH CHARLESTON, SC
- Failure date
- 1992-06-05
- FDIC resolution date
- 1994-06-03
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $11M
- Deposits at failure
- $201M
- Assets at failure
- $229M
- Acquiring bank
- FIRST CITIZENS B&TC OF SC (COLUMBIA, SC)
Other banks FIRST CITIZENS B&TC OF SC acquired in FDIC resolutions