Carolina Federal Savings Bank
| Status: | Inactive as of 06/08/2012 |
| Absorption - Assisted | |
| Successor Bank: | Bank of North Carolina |
| Headquarters: | Carolina Federal Savings Bank 4 Carriage Lane, Suite 101 Charleston, SC 29407 |
| Established: | 08/22/1960 |
| FDIC Insurance: | 08/02/1999 |
| FDIC Cert: | #35372 |
| Charter Class: | Savings banks, state charter, supervised by the FDIC |
| Total Assets: | $54,373,000 |
| Total Deposits: | $53,082,000 |
History
| 1960-08-22 | Institution established but was not FDIC insured. Original name: Sacred Heart of Charleston, SC Federal Credit Union | |
| 1999-08-02 | Became FDIC insured. | |
| 1999-08-02 | Changed organization type to MUTUAL SAVINGS BANK | |
| 1999-08-02 | Changed name to Carolina Federal Savings Bank | |
| 1999-08-02 | Changed primary regulatory agency from NATIONAL CREDIT UNION ASSOCIATION to OFFICE OF THRIFT SUPERVISION | |
| 2001-03-01 | Acquired Roper Federal Savings Bank (52231) in CHARLESTON, SC | |
| 2011-07-21 | Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to COMPTROLLER OF THE CURRENCY | |
| 2012-06-08 | Failed. Acquired with government financial assistance and subsequently operated as part of Bank of North Carolina (33527) | |
| 2012-09-14 | Acquired KeySource Commercial Bank (58475) in DURHAM, NC | |
| 2012-11-30 | Acquired First Trust Bank (34864) in CHARLOTTE, NC | |
| 2013-10-01 | Acquired Randolph Bank & Trust Company (22746) in ASHEBORO, NC | |
| 2014-04-01 | Acquired Home Savings Bank of Albemarle, SSB (30668) in ALBEMARLE, NC | |
| 2014-06-01 | Acquired Harrington Bank, FSB (57262) in CHAPEL HILL, NC | |
| 2014-12-01 | Acquired Harbor National Bank (58219) in CHARLESTON, SC | |
| 2015-07-01 | Acquired Valley Bank (34019) in ROANOKE, VA | |
| 2016-06-17 | Acquired SouthCoast Community Bank (34774) in MOUNT PLEASANT, SC | |
| 2016-09-30 | Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED | |
| 2016-11-01 | Acquired High Point Bank and Trust Company (12267) in HIGH POINT, NC | |
| 2017-06-16 | Merged into and subsequently operated as part of Pinnacle Bank (35583) in NASHVILLE, TN |