Bank failure · SC
Communitysouth Bank and Trust (Easley, SC) — failed January 21, 2011
Communitysouth Bank and Trust of Easley, South Carolina was closed on January 21, 2011 and resolved through a purchase and assumption. Certus Bank, National Association (NC) took over its insured deposits. At failure it held $341.0M in assets and $314.3M in deposits. The FDIC's estimated loss on the failure is $45.2M (13.3% of assets).
- Closing date
- January 21, 2011
- FDIC certificate #
- 57868
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Certus Bank, National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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