# WACCAMAW BANK

> **Failed bank** · WHITEVILLE, NC · failed 2012-06-08 · State commercial bank, Federal Reserve member · FDIC cost $24M

## What happened

WACCAMAW BANK of WHITEVILLE, NC was closed by state regulators 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
- **Estimated FDIC DIF cost:** $24M
- **Deposits at failure:** $473M
- **Assets at failure:** $533M
- **Acquiring bank:** FIRST COMMUNITY BANK (BLUEFIELD, VA)

## Other banks FIRST COMMUNITY BANK has acquired in FDIC resolutions

- AMERICAN NATIONAL BANK (ELK CITY, OK) — failed 1990-06-28 — /failed-bank/2830
- LA HACIENDA SAVINGS ASSOC. (SAN ANTONIO, TX) — failed 1989-03-02 — /failed-bank/2165

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, WACCAMAW BANK (FDIC ID 4009), failed 2012-06-08. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/failed-bank/4009.

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