# FIRST FS&LA OF NEW BERN

> **Failed bank** · NEW BERN, NC · failed 1981-07-01 · SL · FDIC cost $4M

## What happened

FIRST FS&LA OF NEW BERN of NEW BERN, NC was closed by state regulators 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
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $47M
- **Assets at failure:** $57M
- **Acquiring bank:** RALEIGH FS&LA (RALEIGH, NC)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20FS%26LA%20OF%20NEW%20BERN

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FS&LA OF NEW BERN (FDIC ID 598), failed 1981-07-01. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/598.

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