PLANTATION FEDERAL BANK Failed 2012
What happened
PLANTATION FEDERAL BANK of PAWLEYS ISLAND, SC was closed on 2012-04-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST FEDERAL BANK (CHARLESTON, SC). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4003
- FDIC Certificate
- 32503
- FDIC FIN
- 10438
- Bank name
- PLANTATION FEDERAL BANK
- Location
- PAWLEYS ISLAND, SC
- Failure date
- 2012-04-27
- FDIC resolution date
- 2012-04-27
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $83M
- Deposits at failure
- $416M
- Assets at failure
- $434M
- Acquiring bank
- FIRST FEDERAL BANK (CHARLESTON, SC)