FIRST FS&LA OF NEW BERN Failed 1981

What happened

FIRST FS&LA OF NEW BERN of NEW BERN, NC was closed on 1981-07-01. The FDIC was named receiver.

Resolution: A/A

Deposits were transferred to RALEIGH FS&LA (RALEIGH, NC). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

598

FDIC Certificate

30272

FDIC FIN

0

Bank name

FIRST FS&LA OF NEW BERN

Location

NEW BERN, NC

Failure date

1981-07-01

FDIC resolution date

1981-07-01

Charter type

SL

Resolution type

A/A

FDIC DIF cost (est.)

$4M

Deposits at failure

$47M

Assets at failure

$57M

Acquiring bank

RALEIGH FS&LA (RALEIGH, NC)