Data / Bank failures / 1993 / Crown National Bank
Crown National Bank, Charlotte, NC: failed May 20, 1993
Crown National Bank in Charlotte, North Carolina, failed on May 20, 1993. Lincoln Bank of NC of Lincolnton, NC, took over its deposits. It held $26.3 million in assets and $24.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.7 million (6.3% of its assets). By assets it was the 38th largest of 50 banks closed or assisted in 1993.
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The FDIC's record
- Closed
- May 20, 1993
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- Lincoln Bank of NC, Lincolnton, NC
- Total assets
- $26,341,000
- Total deposits
- $24,804,000
- Estimated cost to the FDIC
- $1,658,271 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- BIF
- FDIC certificate
- 32731
Other bank failures in North Carolina, 1991 to 1995
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First American FSB | Greensboro | June 5, 1992 | $804.3 million | $639.1 million | $35.4 million | Centura Bank |
| First Hanover Bank | Wilmington | October 25, 1991 | $48.2 million | $46.5 million | $5.7 million | Central Carolina Bank and T |
| Surety FS & La | Morganton | July 9, 1991 | $224.8 million | $163.4 million | $1.8 million | First Citizens B&TC |
| Preffered Savings and Loan | High Point | March 8, 1991 | $224.5 million | $174.8 million | $19.2 million | Southern NB of NC |
All bank failures in 1993 · All bank failures in North 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.