Data / Bank failures / 2010 / Woodlands Bank
Woodlands Bank, Bluffton, SC: failed July 16, 2010
Woodlands Bank in Bluffton, South Carolina, failed on July 16, 2010. Bank of the Ozarks of Little Rock, AR, took over its deposits. It held $382.8 million in assets and $364.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $107.3 million (28% of its assets). By assets it was the 58th largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- July 16, 2010
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Bank of the Ozarks, Little Rock, AR
- Total assets
- $382,803,000
- Total deposits
- $364,808,000
- Estimated cost to the FDIC
- $107,349,326 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- DIF
- FDIC certificate
- 32571
Other bank failures in South Carolina, 2008 to 2012
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Carolina Federal Savings Bank | Charleston | June 8, 2012 | $54.4 million | $53.1 million | $17.6 million | Bank of North Carolina |
| Plantation Federal Bank | Pawleys Island | April 27, 2012 | $433.5 million | $415.9 million | $83.2 million | First Federal Bank |
| Bankmeridian, N.A. | Columbia | July 29, 2011 | $232.6 million | $209.7 million | $49.2 million | SCBT National Association |
| Atlantic Bank and Trust | Charleston | June 3, 2011 | $208.2 million | $191.6 million | $31.2 million | First Citizens Bank and Trust Company, Inc. |
| Communitysouth Bank and Trust | Easley | January 21, 2011 | $341 million | $314.3 million | $45.2 million | Certus Bank, National Association |
| Williamsburg First National Bank | Kingstree | July 23, 2010 | $130.4 million | $127 million | $2.4 million | First Citizens Bank and Trust Company, Inc. |
| First National Bank of the South | Spartanburg | July 16, 2010 | $619.4 million | $550.9 million | $68.3 million | Nafh National Bank |
| Beach First National Bank | Myrtle Beach | April 9, 2010 | $590 million | $521.1 million | $164.6 million | Bank of North Carolina |
Other failed banks Bank of the Ozarks took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First Choice Community Bank | Dallas | GA | April 29, 2011 | $291.2 million | $294.8 million | $105.2 million | Bank of the Ozarks |
| The Park Avenue Bank | Valdosta | GA | April 29, 2011 | $849.4 million | $724.5 million | $212 million | Bank of the Ozarks |
| Oglethorpe Bank | Brunswick | GA | January 14, 2011 | $211.1 million | $201.4 million | $84.1 million | Bank of the Ozarks |
| Chestatee State Bank | Dawsonville | GA | December 17, 2010 | $244.4 million | $240.5 million | $83.1 million | Bank of the Ozarks |
| Horizon Bank | Bradenton | FL | September 10, 2010 | $187.8 million | $164.6 million | $61.3 million | Bank of the Ozarks |
| Unity National Bank | Cartersville | GA | March 26, 2010 | $300.6 million | $264.3 million | $73.6 million | Bank of the Ozarks |
All bank failures in 2010 · All bank failures in South Carolina · Every failed bank Bank of the Ozarks 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.