# CAPE FEAR BANK

> **Failed bank** · WILMINGTON, NC · failed 2009-04-10 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $119M

## What happened

CAPE FEAR BANK of WILMINGTON, NC was closed by regulators on **2009-04-10**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF CHARLESTON** (CHARLESTON, SC). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3615
- **FDIC Certificate:** 34639
- **FDIC FIN:** 10049
- **Bank name:** CAPE FEAR BANK
- **Location:** WILMINGTON, NC
- **Failure date:** 2009-04-10
- **FDIC resolution date:** 2009-04-10
- **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:** $119M
- **Deposits at failure:** $403M
- **Assets at failure:** $492M
- **Acquiring bank:** FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF CHARLESTON (CHARLESTON, SC)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CAPE FEAR BANK (FDIC ID 3615), failed 2009-04-10. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/3615.

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