Bank failure · NC
Southeastern Savings Bank (Charlotte, NC) — failed November 16, 1990
Southeastern Savings Bank of Charlotte, North Carolina was closed on November 16, 1990 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $422.3M in assets and $367.6M in deposits. The FDIC's estimated loss on the failure is $23.6M (5.6% of assets).
- Closing date
- November 16, 1990
- FDIC certificate #
- 32344
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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