# COMMUNITYSOUTH BANK AND TRUST

> **Failed bank** · EASLEY, SC · failed 2011-01-21 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $45M

## What happened

COMMUNITYSOUTH BANK AND TRUST of EASLEY, SC was closed by regulators on **2011-01-21**. The FDIC was named receiver.

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

Deposits were transferred to **CERTUS BANK, NATIONAL ASSOCIATION** (CHARLOTTE, NC). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3897
- **FDIC Certificate:** 57868
- **FDIC FIN:** 10328
- **Bank name:** COMMUNITYSOUTH BANK AND TRUST
- **Location:** EASLEY, SC
- **Failure date:** 2011-01-21
- **FDIC resolution date:** 2011-01-21
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $45M
- **Deposits at failure:** $314M
- **Assets at failure:** $341M
- **Acquiring bank:** CERTUS BANK, NATIONAL ASSOCIATION (CHARLOTTE, NC)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=COMMUNITYSOUTH%20BANK%20AND%20TRUST

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COMMUNITYSOUTH BANK AND TRUST (FDIC ID 3897), failed 2011-01-21. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3897.

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