BANKMERIDIAN, N.A. Failed 2011
What happened
BANKMERIDIAN, N.A. of COLUMBIA, SC was closed on 2011-07-29. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SCBT NATIONAL ASSOCIATION (ORANGEBURG, SC). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3950
- FDIC Certificate
- 58222
- FDIC FIN
- 10383
- Bank name
- BANKMERIDIAN, N.A.
- Location
- COLUMBIA, SC
- Failure date
- 2011-07-29
- FDIC resolution date
- 2011-07-29
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $49M
- Deposits at failure
- $210M
- Assets at failure
- $233M
- Acquiring bank
- SCBT NATIONAL ASSOCIATION (ORANGEBURG, SC)
Other banks SCBT NATIONAL ASSOCIATION acquired in FDIC resolutions