# ATLANTIC BANK AND TRUST

> **Failed bank** · CHARLESTON, SC · failed 2011-06-03 · Savings bank · FDIC cost $31M

## What happened

ATLANTIC BANK AND TRUST of CHARLESTON, SC was closed by state regulators on **2011-06-03**. 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:** 3935
- **FDIC Certificate:** 58420
- **FDIC FIN:** 10369
- **Bank name:** ATLANTIC BANK AND TRUST
- **Location:** CHARLESTON, SC
- **Failure date:** 2011-06-03
- **FDIC resolution date:** 2011-06-03
- **Charter type:** Savings bank
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $31M
- **Deposits at failure:** $192M
- **Assets at failure:** $208M
- **Acquiring bank:** FIRST CITIZENS BANK AND TRUST COMPANY, INC. (COLUMBIA, SC)

## Other banks FIRST CITIZENS BANK AND TRUST COMPANY, INC. has acquired in FDIC resolutions

- WILLIAMSBURG FIRST NATIONAL BANK (KINGSTREE, SC) — failed 2010-07-23 — /failed-bank/3831

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, ATLANTIC BANK AND TRUST (FDIC ID 3935), failed 2011-06-03. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/3935.

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