# PLANTATION FEDERAL BANK

> **Failed bank** · PAWLEYS ISLAND, SC · failed 2012-04-27 · Savings bank · FDIC cost $83M

## What happened

PLANTATION FEDERAL BANK of PAWLEYS ISLAND, SC was closed by state regulators 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
- **Estimated FDIC DIF cost:** $83M
- **Deposits at failure:** $416M
- **Assets at failure:** $434M
- **Acquiring bank:** FIRST FEDERAL BANK (CHARLESTON, SC)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PLANTATION FEDERAL BANK (FDIC ID 4003), failed 2012-04-27. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/4003.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*