PARKWAY BANK Failed 2013
What happened
PARKWAY BANK of LENOIR, NC was closed on 2013-04-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CERTUSBANK, NATIONAL ASSOCIATION (EASLEY, SC). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4043
- FDIC Certificate
- 57158
- FDIC FIN
- 10477
- Bank name
- PARKWAY BANK
- Location
- LENOIR, NC
- Failure date
- 2013-04-26
- FDIC resolution date
- 2013-04-26
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $16M
- Deposits at failure
- $105M
- Assets at failure
- $110M
- Acquiring bank
- CERTUSBANK, NATIONAL ASSOCIATION (EASLEY, SC)
Other banks CERTUSBANK, NATIONAL ASSOCIATION acquired in FDIC resolutions