WACCAMAW BANK Failed 2012
What happened
WACCAMAW BANK of WHITEVILLE, NC was closed on 2012-06-08. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST COMMUNITY BANK (BLUEFIELD, VA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4009
- FDIC Certificate
- 34515
- FDIC FIN
- 10444
- Bank name
- WACCAMAW BANK
- Location
- WHITEVILLE, NC
- Failure date
- 2012-06-08
- FDIC resolution date
- 2012-06-08
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $24M
- Deposits at failure
- $473M
- Assets at failure
- $533M
- Acquiring bank
- FIRST COMMUNITY BANK (BLUEFIELD, VA)
Other banks FIRST COMMUNITY BANK acquired in FDIC resolutions