Data / Bank failures / 2011 / Communitysouth Bank and Trust
Communitysouth Bank and Trust, Easley, SC: failed January 21, 2011
Communitysouth Bank and Trust in Easley, South Carolina, failed on January 21, 2011. Certus Bank, National Association of Charlotte, NC, took over its deposits. It held $341 million in assets and $314.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $45.2 million (13.3% of its assets). By assets it was the 26th largest of 92 banks closed or assisted in 2011.
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The FDIC's record
- Closed
- January 21, 2011
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Certus Bank, National Association, Charlotte, NC
- Total assets
- $340,986,000
- Total deposits
- $314,250,000
- Estimated cost to the FDIC
- $45,189,045 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 57868
Other bank failures in South Carolina, 2009 to 2013
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Carolina Federal Savings Bank | Charleston | June 8, 2012 | $54.4 million | $53.1 million | $17.6 million | Bank of North Carolina |
| Plantation Federal Bank | Pawleys Island | April 27, 2012 | $433.5 million | $415.9 million | $83.2 million | First Federal Bank |
| Bankmeridian, N.A. | Columbia | July 29, 2011 | $232.6 million | $209.7 million | $49.2 million | SCBT National Association |
| Atlantic Bank and Trust | Charleston | June 3, 2011 | $208.2 million | $191.6 million | $31.2 million | First Citizens Bank and Trust Company, Inc. |
| Williamsburg First National Bank | Kingstree | July 23, 2010 | $130.4 million | $127 million | $2.4 million | First Citizens Bank and Trust Company, Inc. |
| First National Bank of the South | Spartanburg | July 16, 2010 | $619.4 million | $550.9 million | $68.3 million | Nafh National Bank |
| Woodlands Bank | Bluffton | July 16, 2010 | $382.8 million | $364.8 million | $107.3 million | Bank of the Ozarks |
| Beach First National Bank | Myrtle Beach | April 9, 2010 | $590 million | $521.1 million | $164.6 million | Bank of North Carolina |
All bank failures in 2011 · All bank failures in South Carolina · 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.