Bank failure · NC
North Carolina Fs & LA (Charlotte, NC) — failed March 2, 1990
North Carolina Fs & LA of Charlotte, North Carolina was closed on March 2, 1990 and resolved through a purchase and assumption. First Citizens B&tc (NC) took over its insured deposits. At failure it held $628.1M in assets and $455.0M in deposits. The FDIC's estimated loss on the failure is $41.8M (6.7% of assets).
- Closing date
- March 2, 1990
- FDIC certificate #
- 31744
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Citizens B&tc
- Insurance fund
- RTC
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