Bank failure · NC
Parkway Bank (Lenoir, NC) — failed April 26, 2013
Parkway Bank of Lenoir, North Carolina was closed on April 26, 2013 and resolved through a purchase and assumption. Certusbank, National Association (SC) took over its insured deposits. At failure it held $109.6M in assets and $104.7M in deposits. The FDIC's estimated loss on the failure is $16.5M (15.0% of assets).
- Closing date
- April 26, 2013
- FDIC certificate #
- 57158
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Certusbank, National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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