Bank failure · SC
Plantation Federal Bank (Pawleys Island, SC) — failed April 27, 2012
Plantation Federal Bank of Pawleys Island, South Carolina was closed on April 27, 2012 and resolved through a purchase and assumption. First Federal Bank (SC) took over its insured deposits. At failure it held $433.5M in assets and $415.9M in deposits. The FDIC's estimated loss on the failure is $83.2M (19.2% of assets).
- Closing date
- April 27, 2012
- FDIC certificate #
- 32503
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Federal Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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