Data / Bank failures / 2012 / Waccamaw Bank
Waccamaw Bank, Whiteville, NC: failed June 8, 2012
Waccamaw Bank in Whiteville, North Carolina, failed on June 8, 2012. First Community Bank of Bluefield, VA, took over its deposits. It held $533.1 million in assets and $472.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $23.8 million (4.5% of its assets). By assets it was the 4th largest of 51 banks closed or assisted in 2012.
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The FDIC's record
- Closed
- June 8, 2012
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First Community Bank, Bluefield, VA
- Total assets
- $533,114,000
- Total deposits
- $472,704,000
- Estimated cost to the FDIC
- $23,756,214 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- DIF
- FDIC certificate
- 34515
Other bank failures in North Carolina, 2010 to 2014
| 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 |
| 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 First Community Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| American National Bank | Elk City | OK | June 28, 1990 | $14.8 million | $14.8 million | $1.4 million | First Community Bank |
| La Hacienda Savings Assoc. | San Antonio | TX | March 2, 1989 | $69.7 million | $116.4 million | $118.9 million | First Community Bank |
All bank failures in 2012 · All bank failures in North Carolina · Every failed bank First Community Bank 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.