Bank failure · NC
Waccamaw Bank (Whiteville, NC) — failed June 8, 2012
Waccamaw Bank of Whiteville, North Carolina was closed on June 8, 2012 and resolved through a purchase and assumption. First Community Bank (VA) took over its insured deposits. At failure it held $533.1M in assets and $472.7M in deposits. The FDIC's estimated loss on the failure is $23.8M (4.5% of assets).
- Closing date
- June 8, 2012
- FDIC certificate #
- 34515
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Community Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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