# ALLENDALE COUNTY BANK

> **Failed bank** · FAIRFAX, SC · failed 2014-04-25 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $22M

## What happened

ALLENDALE COUNTY BANK of FAIRFAX, SC was closed by regulators 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
- **Estimated FDIC DIF cost:** $22M
- **Deposits at failure:** $49M
- **Assets at failure:** $49M
- **Acquiring bank:** PALMETTO STATE BANK (HAMPTON, SC)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, ALLENDALE COUNTY BANK (FDIC ID 4063), failed 2014-04-25. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/4063.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*