Bank failure · NC
Great Atlantic Savings Bank (Manteo, NC) — failed March 30, 1989
Great Atlantic Savings Bank of Manteo, North Carolina was closed on March 30, 1989 and resolved through a insured deposit transfer. Ncnb Nb of Nc (NC) took over its insured deposits. At failure it held $126.8M in assets and $123.8M in deposits. The FDIC's estimated loss on the failure is $48.3M (38.1% of assets).
- Closing date
- March 30, 1989
- FDIC certificate #
- 32405
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Ncnb Nb of Nc
- Insurance fund
- RTC
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