PISGAH COMMUNITY BANK Failed 2013
What happened
PISGAH COMMUNITY BANK of ASHEVILLE, NC was closed on 2013-05-10. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CAPITAL BANK, NATIONAL ASSOCIATION (ROCKVILLE, MD). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4045
- FDIC Certificate
- 58701
- FDIC FIN
- 10480
- Bank name
- PISGAH COMMUNITY BANK
- Location
- ASHEVILLE, NC
- Failure date
- 2013-05-10
- FDIC resolution date
- 2013-05-10
- 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.)
- $8M
- Deposits at failure
- $21M
- Assets at failure
- $22M
- Acquiring bank
- CAPITAL BANK, NATIONAL ASSOCIATION (ROCKVILLE, MD)
Other banks CAPITAL BANK, NATIONAL ASSOCIATION acquired in FDIC resolutions