Bank failure · NC

First Fs&la of New Bern (New Bern, NC) — failed July 1, 1981

First Fs&la of New Bern of New Bern, North Carolina was closed on July 1, 1981 and resolved through a a/a. Raleigh Fs&la (NC) took over its insured deposits. At failure it held $57.4M in assets and $46.8M in deposits. The FDIC's estimated loss on the failure is $3.6M (6.3% of assets).