ALLENDALE COUNTY BANK Failed 2014

FAIRFAX, SC · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

ALLENDALE COUNTY BANK of FAIRFAX, SC was closed on 2014-04-25. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to PALMETTO STATE BANK (HAMPTON, SC). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
4063
FDIC Certificate
15062
FDIC FIN
10497
Bank name
ALLENDALE COUNTY BANK
Location
FAIRFAX, SC
Failure date
2014-04-25
FDIC resolution date
2014-04-25
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.)
$22M
Deposits at failure
$49M
Assets at failure
$49M
Acquiring bank
PALMETTO STATE BANK (HAMPTON, SC)