Bank failure · NC

Crown National Bank (Charlotte, NC) — failed May 20, 1993

Crown National Bank of Charlotte, North Carolina was closed on May 20, 1993 and resolved through a purchase and assumption (insured deposits). Lincoln Bank of Nc (NC) took over its insured deposits. At failure it held $26.3M in assets and $24.8M in deposits. The FDIC's estimated loss on the failure is $1.7M (6.3% of assets).