The State of South Carolina experienced its second bank failure of the year as regulators closed Carolina Federal Savings Bank, Charleston, SC. The Office of the Comptroller of the Currency closed the insolvent bank to protect depositors and appointed the FDIC as receiver. The FDIC entered into a purchase and assumption agreement with Bank of […]
Blue Ridge Savings Bank, Asheville, NC, Closed By Regulators
October 14, 2011 By Leave a Comment
Blue Ridge Savings Bank, founded in 1978, was closed today by the North Carolina Office of Commissioner of Banks, which appointed the FDIC as receiver. The FDIC sold the failed bank to Bank of North Carolina, Thomasville, NC, which will assume all deposits of Blue Ridge Savings. All ten branches of Blue Ridge will reopen […]