Beach First National Bank

Status:Inactive as of 04/09/2010
 Absorption - Assisted
Successor Bank:Bank of North Carolina
Headquarters:Beach First National Bank
3751 Robert M. Grissom Parkway Suite 100
Myrtle Beach, SC 29577
Established:09/23/1996
FDIC Insurance:09/23/1996
FDIC Cert:#34242
Charter Class:Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Total Assets:$590,024,000
Total Deposits:$521,138,000

History

1996-09-23Institution established: Original name:Beach First National Bank
2010-04-09Failed. Acquired with government financial assistance and subsequently operated as part of Bank of North Carolina (33527)
2011-10-14Acquired Blue Ridge Savings Bank, Inc. (32347) in ASHEVILLE, NC as part of a government assisted transaction.
2011-12-31Acquired Regent Bank (58873) in GREENVILLE, SC
2012-06-08Acquired Carolina Federal Savings Bank (35372) in CHARLESTON, SC as part of a government assisted transaction.
2012-09-14Acquired KeySource Commercial Bank (58475) in DURHAM, NC
2012-11-30Acquired First Trust Bank (34864) in CHARLOTTE, NC
2013-10-01Acquired Randolph Bank & Trust Company (22746) in ASHEBORO, NC
2014-04-01Acquired Home Savings Bank of Albemarle, SSB (30668) in ALBEMARLE, NC
2014-06-01Acquired Harrington Bank, FSB (57262) in CHAPEL HILL, NC
2014-12-01Acquired Harbor National Bank (58219) in CHARLESTON, SC
2015-07-01Acquired Valley Bank (34019) in ROANOKE, VA
2016-06-17Acquired SouthCoast Community Bank (34774) in MOUNT PLEASANT, SC
2016-09-30Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
2016-11-01Acquired High Point Bank and Trust Company (12267) in HIGH POINT, NC
2017-06-16Merged into and subsequently operated as part of Pinnacle Bank (35583) in NASHVILLE, TN

Financial Information (2010-03-31 and Older)