BLUE RIDGE SAVINGS BANK, INC. Failed 2011
What happened
BLUE RIDGE SAVINGS BANK, INC. of ASHEVILLE, NC was closed on 2011-10-14. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF NORTH CAROLINA (THOMASVILLE, NC). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3967
- FDIC Certificate
- 32347
- FDIC FIN
- 10401
- Bank name
- BLUE RIDGE SAVINGS BANK, INC.
- Location
- ASHEVILLE, NC
- Failure date
- 2011-10-14
- FDIC resolution date
- 2011-10-14
- Charter type
- SI
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $44M
- Deposits at failure
- $160M
- Assets at failure
- $161M
- Acquiring bank
- BANK OF NORTH CAROLINA (THOMASVILLE, NC)
Other banks BANK OF NORTH CAROLINA acquired in FDIC resolutions