Bank failure · NC
Blue Ridge Savings Bank, Inc. (Asheville, NC) — failed October 14, 2011
Blue Ridge Savings Bank, Inc. of Asheville, North Carolina was closed on October 14, 2011 and resolved through a purchase and assumption. Bank of North Carolina (NC) took over its insured deposits. At failure it held $161.4M in assets and $159.6M in deposits. The FDIC's estimated loss on the failure is $44.1M (27.3% of assets).
- Closing date
- October 14, 2011
- FDIC certificate #
- 32347
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of North Carolina
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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