Bank failure · SC
Williamsburg First National Bank (Kingstree, SC) — failed July 23, 2010
Williamsburg First National Bank of Kingstree, South Carolina was closed on July 23, 2010 and resolved through a purchase and assumption. First Citizens Bank and Trust Company, Inc. (SC) took over its insured deposits. At failure it held $130.4M in assets and $127.0M in deposits. The FDIC's estimated loss on the failure is $2.4M (1.9% of assets).
- Closing date
- July 23, 2010
- FDIC certificate #
- 17837
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Citizens Bank and Trust Company, Inc.
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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