CAROLINA FEDERAL SAVINGS BANK Failed 2012
What happened
CAROLINA FEDERAL SAVINGS BANK of CHARLESTON, SC was closed on 2012-06-08. 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
- 4010
- FDIC Certificate
- 35372
- FDIC FIN
- 10441
- Bank name
- CAROLINA FEDERAL SAVINGS BANK
- Location
- CHARLESTON, SC
- Failure date
- 2012-06-08
- FDIC resolution date
- 2012-06-08
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $18M
- Deposits at failure
- $53M
- Assets at failure
- $54M
- Acquiring bank
- BANK OF NORTH CAROLINA (THOMASVILLE, NC)
Other banks BANK OF NORTH CAROLINA acquired in FDIC resolutions