# BEACH FIRST NATIONAL BANK

> **Failed bank** · MYRTLE BEACH, SC · failed 2010-04-09 · National commercial bank (OCC-chartered) · FDIC cost $165M

## What happened

BEACH FIRST NATIONAL BANK of MYRTLE BEACH, SC was closed by the OCC 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
- **Estimated FDIC DIF cost:** $165M
- **Deposits at failure:** $521M
- **Assets at failure:** $590M
- **Acquiring bank:** BANK OF NORTH CAROLINA (THOMASVILLE, NC)

## Other banks BANK OF NORTH CAROLINA has acquired in FDIC resolutions

- CAROLINA FEDERAL SAVINGS BANK (CHARLESTON, SC) — failed 2012-06-08 — /failed-bank/4010
- BLUE RIDGE SAVINGS BANK, INC. (ASHEVILLE, NC) — failed 2011-10-14 — /failed-bank/3967

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BEACH FIRST NATIONAL BANK (FDIC ID 3775), failed 2010-04-09. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3775.

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