Bank failure · NC
The Bank of Asheville (Asheville, NC) — failed January 21, 2011
The Bank of Asheville of Asheville, North Carolina was closed on January 21, 2011 and resolved through a purchase and assumption. First Bank (NC) took over its insured deposits. At failure it held $204.9M in assets and $199.4M in deposits. The FDIC's estimated loss on the failure is $43.9M (21.4% of assets).
- Closing date
- January 21, 2011
- FDIC certificate #
- 34516
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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