Bank failure · SC

Cooper River, Fsa (North Charleston, SC) — failed June 5, 1992

Cooper River, Fsa of North Charleston, South Carolina was closed on June 5, 1992 and resolved through a purchase and assumption. First Citizens B&tc of Sc (SC) took over its insured deposits. At failure it held $228.9M in assets and $201.4M in deposits. The FDIC's estimated loss on the failure is $10.7M (4.7% of assets).