BEACH FIRST NATIONAL BANK Failed 2010
What happened
BEACH FIRST NATIONAL BANK of MYRTLE BEACH, SC was closed on 2010-04-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF NORTH CAROLINA (THOMASVILLE, NC). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3775
- FDIC Certificate
- 34242
- FDIC FIN
- 10209
- Bank name
- BEACH FIRST NATIONAL BANK
- Location
- MYRTLE BEACH, SC
- Failure date
- 2010-04-09
- FDIC resolution date
- 2010-04-09
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $165M
- Deposits at failure
- $521M
- Assets at failure
- $590M
- Acquiring bank
- BANK OF NORTH CAROLINA (THOMASVILLE, NC)
Other banks BANK OF NORTH CAROLINA acquired in FDIC resolutions