The Graveyard › Banks › 2012

Plantation Federal Bank

Pawleys Island, SC · failed April 27, 2012 · FDIC certificate 32503

Plantation Federal Bank of Pawleys Island, SC failed on April 27, 2012. It opened on October 20, 1986, 25 years before. At its last report before that it held $433.5 million in assets and $415.9 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2008, it held $709.1 million. The FDIC estimates that the Deposit Insurance Fund lost $83.2 million on it.

1986-122012-03

Assets at the end$433.5 millionlast report before April 27, 2012

Deposits at the end$415.9 million

Estimated loss to the fund$83.2 millionDIF

Largest in the quarterly reports$709.1 millionSeptember 30, 2008

Equity to assets-5.2%March 31, 2012

Loans not being repaid11.4%noncurrent, March 31, 2012

Return on assets-23.98%a year's rate, March 31, 2012

Staff72full time, March 31, 2012

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Also ended in 2012

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Citizens First National Bank · Princeton, IL · $924.0 million in assets
Fidelity Bank · Dearborn, MI · $818.2 million in assets
Waccamaw Bank · Whiteville, NC · $533.1 million in assets
The First State Bank · Stockbridge, GA · $516.8 million in assets
Inter Savings Bank, fsb D/B/A Interbank, fsb · Maple Grove, MN · $463.8 million in assets

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.