VICTORY STATE BANK Failed 1999

COLUMBIA, SC · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

VICTORY STATE BANK of COLUMBIA, SC was closed on 1999-03-26. The FDIC was named receiver.

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

Deposits were transferred to SOUTH CAROLINA COMMUNITY BA (COLUMBIA, SC). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3516
FDIC Certificate
17200
FDIC FIN
4634
Bank name
VICTORY STATE BANK
Location
COLUMBIA, SC
Failure date
1999-03-26
FDIC resolution date
1999-03-26
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.)
$0M
Deposits at failure
$13M
Assets at failure
$13M
Acquiring bank
SOUTH CAROLINA COMMUNITY BA (COLUMBIA, SC)