# FIRST NATIONAL BANK OF THE SOUTH

> **Failed bank** · SPARTANBURG, SC · failed 2010-07-16 · National commercial bank (OCC-chartered) · FDIC cost $68M

## What happened

FIRST NATIONAL BANK OF THE SOUTH of SPARTANBURG, SC was closed by the OCC on **2010-07-16**. The FDIC was named receiver.

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

Deposits were transferred to **NAFH NATIONAL BANK** (MIAMI, FL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3829
- **FDIC Certificate:** 35383
- **FDIC FIN:** 10263
- **Bank name:** FIRST NATIONAL BANK OF THE SOUTH
- **Location:** SPARTANBURG, SC
- **Failure date:** 2010-07-16
- **FDIC resolution date:** 2010-07-16
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $68M
- **Deposits at failure:** $551M
- **Assets at failure:** $619M
- **Acquiring bank:** NAFH NATIONAL BANK (MIAMI, FL)

## Other banks NAFH NATIONAL BANK has acquired in FDIC resolutions

- TURNBERRY BANK (AVENTURA, FL) — failed 2010-07-16 — /failed-bank/3827
- METRO BANK OF DADE COUNTY (MIAMI, FL) — failed 2010-07-16 — /failed-bank/3824

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST NATIONAL BANK OF THE SOUTH (FDIC ID 3829), failed 2010-07-16. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3829.

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