# BLUE RIDGE SAVINGS BANK, INC.

> **Failed bank** · ASHEVILLE, NC · failed 2011-10-14 · SI · FDIC cost $44M

## What happened

BLUE RIDGE SAVINGS BANK, INC. of ASHEVILLE, NC was closed by state regulators 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
- **Estimated FDIC DIF cost:** $44M
- **Deposits at failure:** $160M
- **Assets at failure:** $161M
- **Acquiring bank:** BANK OF NORTH CAROLINA (THOMASVILLE, NC)

## Other banks BANK OF NORTH CAROLINA has acquired in FDIC resolutions

- CAROLINA FEDERAL SAVINGS BANK (CHARLESTON, SC) — failed 2012-06-08 — /failed-bank/4010
- BEACH FIRST NATIONAL BANK (MYRTLE BEACH, SC) — failed 2010-04-09 — /failed-bank/3775

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=BLUE%20RIDGE%20SAVINGS%20BANK%2C%20INC.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BLUE RIDGE SAVINGS BANK, INC. (FDIC ID 3967), failed 2011-10-14. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3967.

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