# PISGAH COMMUNITY BANK

> **Failed bank** · ASHEVILLE, NC · failed 2013-05-10 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $8M

## What happened

PISGAH COMMUNITY BANK of ASHEVILLE, NC was closed by regulators 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
- **Estimated FDIC DIF cost:** $8M
- **Deposits at failure:** $21M
- **Assets at failure:** $22M
- **Acquiring bank:** CAPITAL BANK, NATIONAL ASSOCIATION (ROCKVILLE, MD)

## Other banks CAPITAL BANK, NATIONAL ASSOCIATION has acquired in FDIC resolutions

- AMERICAN EAGLE SAVINGS BANK (BOOTHWYN, PA) — failed 2012-01-20 — /failed-bank/3984
- PUBLIC SAVINGS BANK (HUNTINGDON VALLEY, PA) — failed 2011-08-18 — /failed-bank/3955

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PISGAH COMMUNITY BANK (FDIC ID 4045), failed 2013-05-10. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/4045.

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