Data / Bank failures / North Carolina
Bank failures in North Carolina: 26 banks since 1937
26 banks in North Carolina failed between 1937 and 2013, holding $5.98 billion in assets and $4.95 billion in deposits. The FDIC estimates the cost to its insurance fund at $860.6 million. The FDIC also assisted 4 open banks without closing them. The largest: Cooperative Bank ($966.8 million), First American FSB ($804.3 million), North Carolina FS & La ($628.1 million). By decade: 1930s 4, 1940s 2, 1950s 1, 1980s 6, 1990s 9, 2000s 3, 2010s 5.
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| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Pisgah Community Bank | Asheville | May 10, 2013 | $21.9 million | $21.2 million | $7.9 million | Capital Bank, National Association |
| 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 |
| Cooperative Bank | Wilmington | June 19, 2009 | $966.8 million | $768.5 million | $287.3 million | First Bank |
| Cape Fear Bank | Wilmington | April 10, 2009 | $492.4 million | $402.8 million | $118.6 million | First Federal Savings and Loan Association of Charleston |
| Bank of America N.A. (assistance) | Charlotte | January 16, 2009 | $1.47 trillion | $954.68 billion | ||
| Crown National Bank | Charlotte | May 20, 1993 | $26.3 million | $24.8 million | $1.7 million | Lincoln Bank of NC |
| 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 |
| First Federal Savings | Raleigh | December 7, 1990 | $520.4 million | $427.5 million | $55.7 million | |
| Southeastern Savings Bank | Charlotte | November 16, 1990 | $422.3 million | $367.6 million | $23.6 million | |
| Guaranty Savings Bank FSB | Fayetteville | July 27, 1990 | $53.9 million | $49.9 million | $8.5 million | |
| North Carolina FS & La | Charlotte | March 2, 1990 | $628.1 million | $455 million | $41.8 million | First Citizens B&TC |
| Great Atlantic Savings Bank | Manteo | March 30, 1989 | $126.8 million | $123.8 million | $48.3 million | NCNB NB of NC |
| Heritage FS & La | Monroe | March 30, 1989 | $311.7 million | $254.1 million | $49.2 million | First Citizens B&TC |
| Cardinal Savings Bank | Newport | May 13, 1988 | $93.9 million | $92.8 million | $27.5 million | |
| Surety FS&LA (assistance) | Morganton | December 11, 1987 | $124.9 million | $111.5 million | Surety FS&LA Fsa | |
| First FS&LA of New Bern (assistance) | New Bern | July 1, 1981 | $57.4 million | $46.8 million | $3.6 million | Raleigh FS&LA |
| Security of Statesville (assistance) | Statesville | February 9, 1981 | $15.7 million | $13 million | Asheville FS&LA | |
| The Bank of Aurora | Aurora | July 24, 1950 | $1.3 million | $991,000 | ||
| Bank of Black Mountain | Black Moutain | March 18, 1943 | $855,000 | $767,000 | ||
| Bank of Draper | Draper | February 6, 1942 | $129,000 | $83,000 | ||
| The Bank of Ashe | Jefferson | June 24, 1938 | $312,000 | |||
| Bank of Ellenboro | Ellenboro | April 9, 1938 | $54,000 | |||
| The Bank of Fremont | Fremont | January 29, 1938 | $341,000 | |||
| Peoples United Bank | Southport | December 2, 1937 | $162,000 |
Other states
- Alabama 39
- Alaska 13
- Arizona 44
- Arkansas 45
- California 265
- Colorado 103
- Connecticut 48
- Delaware 4
- District of Columbia 8
- Florida 199
- Georgia 135
- Guam 1
- Hawaii 6
- Idaho 8
- Illinois 229
- Indiana 52
- Iowa 83
- Kansas 124
- Kentucky 47
- Louisiana 167
- Maine 6
- Maryland 36
- Massachusetts 59
- Michigan 46
- Minnesota 81
- Mississippi 38
- Missouri 136
- Montana 19
- Nebraska 54
- Nevada 17
- New Hampshire 20
- New Jersey 112
- New Mexico 32
- New York 104
- North Dakota 43
- Ohio 61
- Oklahoma 183
- Oregon 38
- Pennsylvania 73
- Puerto Rico 17
- Rhode Island 7
- South Carolina 23
- South Dakota 44
- Tennessee 80
- Texas 911
- U.S. Virgin Islands 1
- Utah 30
- Vermont 5
- Virginia 54
- Washington 38
- West Virginia 19
- Wisconsin 51
- Wyoming 29
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.