Bank failure · SC
Carolina Federal Savings Bank (Charleston, SC) — failed June 8, 2012
Carolina Federal Savings Bank of Charleston, South Carolina was closed on June 8, 2012 and resolved through a purchase and assumption. Bank of North Carolina (NC) took over its insured deposits. At failure it held $54.4M in assets and $53.1M in deposits. The FDIC's estimated loss on the failure is $17.6M (32.4% of assets).
- Closing date
- June 8, 2012
- FDIC certificate #
- 35372
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of North Carolina
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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