Data / Bank failures / 2011 / Blue Ridge Savings Bank, Inc.
Blue Ridge Savings Bank, Inc., Asheville, NC: failed October 14, 2011
Blue Ridge Savings Bank, Inc. in Asheville, North Carolina, failed on October 14, 2011. Bank of North Carolina of Thomasville, NC, took over its deposits. It held $161.4 million in assets and $159.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $44.1 million (27.3% of its assets). By assets it was the 60th largest of 92 banks closed or assisted in 2011.
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The FDIC's record
- Closed
- October 14, 2011
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Bank of North Carolina, Thomasville, NC
- Total assets
- $161,430,000
- Total deposits
- $159,628,000
- Estimated cost to the FDIC
- $44,111,804 (estimate as of July 31, 2026)
- Charter
- Savings institution
- Insurance fund
- DIF
- FDIC certificate
- 32347
Other bank failures in North Carolina, 2009 to 2013
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Pisgah Community Bank | Asheville | May 10, 2013 | $21.9 million | $21.2 million | $7.9 million | Capital Bank, National Association |
| Parkway Bank | Lenoir | April 26, 2013 | $109.6 million | $104.7 million | $16.5 million | Certusbank, National Association |
| Waccamaw Bank | Whiteville | June 8, 2012 | $533.1 million | $472.7 million | $23.8 million | First Community Bank |
| The Bank of Asheville | Asheville | January 21, 2011 | $204.9 million | $199.4 million | $43.9 million | First Bank |
| Cooperative Bank | Wilmington | June 19, 2009 | $966.8 million | $768.5 million | $287.3 million | First Bank |
| Cape Fear Bank | Wilmington | April 10, 2009 | $492.4 million | $402.8 million | $118.6 million | First Federal Savings and Loan Association of Charleston |
| Bank of America N.A. (assistance) | Charlotte | January 16, 2009 | $1.47 trillion | $954.68 billion |
Other failed banks Bank of North Carolina took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Carolina Federal Savings Bank | Charleston | SC | June 8, 2012 | $54.4 million | $53.1 million | $17.6 million | Bank of North Carolina |
| Beach First National Bank | Myrtle Beach | SC | April 9, 2010 | $590 million | $521.1 million | $164.6 million | Bank of North Carolina |
All bank failures in 2011 · All bank failures in North Carolina · Every failed bank Bank of North Carolina took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.