The Graveyard › Banks › 2012
Waccamaw Bank
Whiteville, NC · failed June 8, 2012 · FDIC certificate 34515
Waccamaw Bank of Whiteville, NC failed on June 8, 2012. It opened on September 2, 1997, 14 years before. At its last report before that it held $533.1 million in assets and $472.7 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2011, it held $586.5 million. The FDIC estimates that the Deposit Insurance Fund lost $23.8 million on it.
1997-092012-03
Assets at the end$533.1 millionlast report before June 8, 2012
Deposits at the end$472.7 million
Estimated loss to the fund$23.8 millionDIF
Largest in the quarterly reports$586.5 millionMarch 31, 2011
Equity to assets0.6%March 31, 2012
Loans not being repaid12.6%noncurrent, March 31, 2012
Return on assets-2.54%a year's rate, March 31, 2012
Staff124full time, March 31, 2012
Also ended in 2012
- Tennessee Commerce Bank · Franklin, TN · $1.0 billion in assets
- Citizens First National Bank · Princeton, IL · $924.0 million in assets
- Fidelity Bank · Dearborn, MI · $818.2 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
- NOVA Bank · Berwyn, PA · $444.7 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.