# FIRST CORNERSTONE BANK

> **Failed bank** · KING OF PRUSSIA, PA · failed 2016-05-06 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $11M

## What happened

FIRST CORNERSTONE BANK of KING OF PRUSSIA, PA was closed by regulators on **2016-05-06**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST-CITIZENS BANK & TRUST COMPANY** (RALEIGH, NC). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 4086
- **FDIC Certificate:** 35312
- **FDIC FIN:** 10520
- **Bank name:** FIRST CORNERSTONE BANK
- **Location:** KING OF PRUSSIA, PA
- **Failure date:** 2016-05-06
- **FDIC resolution date:** 2016-05-06
- **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:** $11M
- **Deposits at failure:** $101M
- **Assets at failure:** $103M
- **Acquiring bank:** FIRST-CITIZENS BANK & TRUST COMPANY (RALEIGH, NC)

## Other banks FIRST-CITIZENS BANK & TRUST COMPANY has acquired in FDIC resolutions

- SILICON VALLEY BANK (SANTA CLARA, CA) — failed 2023-03-10 — /failed-bank/4105
- GUARANTY BANK (MILWAUKEE, WI) — failed 2017-05-05 — /failed-bank/4093
- HARVEST COMMUNITY BANK (PENNSVILLE, NJ) — failed 2017-01-13 — /failed-bank/4089
- NORTH MILWAUKEE STATE BANK (MILWAUKEE, WI) — failed 2016-03-11 — /failed-bank/4084
- CAPITOL CITY BANK & TRUST COMPANY (ATLANTA, GA) — failed 2015-02-13 — /failed-bank/4078
- COLORADO CAPITAL BANK (CASTLE ROCK, CO) — failed 2011-07-08 — /failed-bank/3940
- FIRST REGIONAL BANK (LOS ANGELES, CA) — failed 2010-01-29 — /failed-bank/3748
- VENTURE BANK (LACEY, WA) — failed 2009-09-11 — /failed-bank/3684

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST CORNERSTONE BANK (FDIC ID 4086), failed 2016-05-06. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/4086.

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