WOODLANDS BANK Failed 2010
What happened
WOODLANDS BANK of BLUFFTON, SC was closed on 2010-07-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF THE OZARKS (LITTLE ROCK, AR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3828
- FDIC Certificate
- 32571
- FDIC FIN
- 10262
- Bank name
- WOODLANDS BANK
- Location
- BLUFFTON, SC
- Failure date
- 2010-07-16
- FDIC resolution date
- 2010-07-16
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $107M
- Deposits at failure
- $365M
- Assets at failure
- $383M
- Acquiring bank
- BANK OF THE OZARKS (LITTLE ROCK, AR)
Other banks BANK OF THE OZARKS acquired in FDIC resolutions