Data / Bank failures / 1991 / Standard FS & La
Standard FS & La, Columbia, SC: failed August 2, 1991
Standard FS & La in Columbia, South Carolina, failed on August 2, 1991. NB of South Carolina of Columbia, SC, took over its deposits. It held $319.7 million in assets and $280.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.7 million (0.8% of its assets). By assets it was the 65th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- August 2, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- NB of South Carolina, Columbia, SC
- Total assets
- $319,651,000
- Total deposits
- $280,738,000
- Estimated cost to the FDIC
- $2,701,838 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 27618
Other bank failures in South Carolina, 1989 to 1993
| 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 |
| Cooper River, Fsa | North Charleston | June 5, 1992 | $228.9 million | $201.4 million | $10.7 million | First Citizens B&TC of SC |
| 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 |
| Security Federal Savings, FSB | Columbia | November 30, 1989 | $759.2 million | $667.3 million | $66.8 million | South Carolina NB |
| Seabank Fed. Savings Bank | Myrtle Beach | April 27, 1989 | $35.4 million | $33.6 million | $5.3 million | First Citizens B&TC of SC |
All bank failures in 1991 · 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.