Data / Bank failures / 2013 / Pisgah Community Bank
Pisgah Community Bank, Asheville, NC: failed May 10, 2013
Pisgah Community Bank in Asheville, North Carolina, failed on May 10, 2013. Capital Bank, National Association of Rockville, MD, took over its deposits. It held $21.9 million in assets and $21.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $7.9 million (36.3% of its assets). By assets it was the 23rd largest of 24 banks closed or assisted in 2013.
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The FDIC's record
- Closed
- May 10, 2013
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Capital Bank, National Association, Rockville, MD
- Total assets
- $21,880,000
- Total deposits
- $21,246,000
- Estimated cost to the FDIC
- $7,942,705 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 58701
Other bank failures in North Carolina, 2011 to 2015
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| Blue Ridge Savings Bank, Inc. | Asheville | October 14, 2011 | $161.4 million | $159.6 million | $44.1 million | Bank of North Carolina |
| The Bank of Asheville | Asheville | January 21, 2011 | $204.9 million | $199.4 million | $43.9 million | First Bank |
Other failed banks Capital Bank, National Association took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| American Eagle Savings Bank | Boothwyn | PA | January 20, 2012 | $19.3 million | $17.5 million | $4.7 million | Capital Bank, National Association |
| Public Savings Bank | Huntingdon Valley | PA | August 18, 2011 | $46.8 million | $45.8 million | $15.8 million | Capital Bank, National Association |
All bank failures in 2013 · All bank failures in North Carolina · Every failed bank Capital Bank, National Association 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.