Bank failure · SC
Woodlands Bank (Bluffton, SC) — failed July 16, 2010
Woodlands Bank of Bluffton, South Carolina was closed on July 16, 2010 and resolved through a purchase and assumption. Bank of the Ozarks (AR) took over its insured deposits. At failure it held $382.8M in assets and $364.8M in deposits. The FDIC's estimated loss on the failure is $107.3M (28.0% of assets).
- Closing date
- July 16, 2010
- FDIC certificate #
- 32571
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of the Ozarks
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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