Bank failure · NC

Pisgah Community Bank (Asheville, NC) — failed May 10, 2013

Pisgah Community Bank of Asheville, North Carolina was closed on May 10, 2013 and resolved through a purchase and assumption. Capital Bank, National Association (MD) took over its insured deposits. At failure it held $21.9M in assets and $21.2M in deposits. The FDIC's estimated loss on the failure is $7.9M (36.3% of assets).