Bank of Jefferson

Status:Inactive as of 09/01/2007
 Merger - Without Assistance
Successor Bank:Cooperative Bank
Headquarters:Bank of Jefferson
144 S Main Street
Jefferson, SC 29718
Established:08/12/1946
FDIC Insurance:08/12/1946
FDIC Cert:#16469
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$14,254,000
Total Deposits:$12,264,000

History

1946-08-12Institution established: Original name:Bank of Jefferson
2007-09-01Merged into and subsequently operated as part of Cooperative Bank (27837) in WILMINGTON, NC
2009-06-20Failed. Acquired with government financial assistance and subsequently operated as part of First Bank (15019)
2011-01-21Acquired The Bank of Asheville (34516) in ASHEVILLE, NC as part of a government assisted transaction.
2013-09-04Moved bank headquarters from WILMINGTON, NC to SOUTHERN PINES, NC
2015-04-22Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS
2015-04-22Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to FEDERAL RESERVE BOARD
2017-03-04Acquired Carolina Bank (34348) in GREENSBORO, NC
2017-10-01Acquired Asheville Savings Bank, S.S.B. (29663) in ASHEVILLE, NC

Financial Information (2007-06-30 and Older)