Data / Bank failures / 1981 / First FS&LA of New Bern
First FS&LA of New Bern, New Bern, NC: received FDIC assistance July 1, 1981
First FS&LA of New Bern in New Bern, North Carolina, received open bank assistance from the FDIC on July 1, 1981. It held $57.4 million in assets and $46.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3.6 million (6.3% of its assets). By assets it was the 25th largest of 40 banks closed or assisted in 1981.
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The FDIC's record
- Closed
- July 1, 1981
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Raleigh FS&LA, Raleigh, NC
- Total assets
- $57,377,840
- Total deposits
- $46,803,077
- Estimated cost to the FDIC
- $3,642,419 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 30272
Other bank failures in North Carolina, 1979 to 1983
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Security of Statesville (assistance) | Statesville | February 9, 1981 | $15.7 million | $13 million | Asheville FS&LA |
All bank failures in 1981 · All bank failures in North Carolina · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.