Data / Bank failures / 1992 / Cooper River, Fsa
Cooper River, Fsa, North Charleston, SC: failed June 5, 1992
Cooper River, Fsa in North Charleston, South Carolina, failed on June 5, 1992. First Citizens B&TC of SC of Columbia, SC, took over its deposits. It held $228.9 million in assets and $201.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $10.7 million (4.7% of its assets). By assets it was the 56th largest of 181 banks closed or assisted in 1992.
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The FDIC's record
- Closed
- June 5, 1992
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First Citizens B&TC of SC, Columbia, SC
- Total assets
- $228,859,000
- Total deposits
- $201,442,000
- Estimated cost to the FDIC
- $10,740,105 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 28847
Other bank failures in South Carolina, 1990 to 1994
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Citadel FS & La | Charleston | August 7, 1992 | $39 million | $37.6 million | $8.8 million | Carolina First Bank |
| First South SB | Columbia | April 24, 1992 | $57 million | $48.5 million | $7.5 million | Southtrust Bank of Charlest |
| Hilton Head Bank & Trust Company | Hilton Head Island | August 30, 1991 | $64.6 million | $63 million | $20.9 million | The Anchor Bank |
| Standard FS & La | Columbia | August 2, 1991 | $319.7 million | $280.7 million | $2.7 million | NB of South Carolina |
Other failed banks First Citizens B&TC of SC took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Seabank Fed. Savings Bank | Myrtle Beach | SC | April 27, 1989 | $35.4 million | $33.6 million | $5.3 million | First Citizens B&TC of SC |
All bank failures in 1992 · All bank failures in South Carolina · Every failed bank First Citizens B&TC of SC 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.