WILLIAMSBURG FIRST NATIONAL BANK Failed 2010
What happened
WILLIAMSBURG FIRST NATIONAL BANK of KINGSTREE, SC was closed on 2010-07-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST CITIZENS BANK AND TRUST COMPANY, INC. (COLUMBIA, SC). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3831
- FDIC Certificate
- 17837
- FDIC FIN
- 10270
- Bank name
- WILLIAMSBURG FIRST NATIONAL BANK
- Location
- KINGSTREE, SC
- Failure date
- 2010-07-23
- FDIC resolution date
- 2010-07-23
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $127M
- Assets at failure
- $130M
- Acquiring bank
- FIRST CITIZENS BANK AND TRUST COMPANY, INC. (COLUMBIA, SC)
Other banks FIRST CITIZENS BANK AND TRUST COMPANY, INC. acquired in FDIC resolutions