# CAROLINA FEDERAL SAVINGS BANK

> **Failed bank** · CHARLESTON, SC · failed 2012-06-08 · Savings bank · FDIC cost $18M

## What happened

CAROLINA FEDERAL SAVINGS BANK of CHARLESTON, SC 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 **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
- **Estimated FDIC DIF cost:** $18M
- **Deposits at failure:** $53M
- **Assets at failure:** $54M
- **Acquiring bank:** BANK OF NORTH CAROLINA (THOMASVILLE, NC)

## Other banks BANK OF NORTH CAROLINA has acquired in FDIC resolutions

- BLUE RIDGE SAVINGS BANK, INC. (ASHEVILLE, NC) — failed 2011-10-14 — /failed-bank/3967
- BEACH FIRST NATIONAL BANK (MYRTLE BEACH, SC) — failed 2010-04-09 — /failed-bank/3775

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CAROLINA FEDERAL SAVINGS BANK (FDIC ID 4010), failed 2012-06-08. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/4010.

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