Blue Ridge Savings Bank, Inc.

Status:Inactive as of 10/14/2011
 Absorption - Assisted
Successor Bank:Bank of North Carolina
Headquarters:Blue Ridge Savings Bank, Inc.
20 South Pack Square
Asheville, NC 28816
Established:03/01/1978
FDIC Insurance:08/09/1989
FDIC Cert:#32347
Charter Class:
Total Assets:$161,430,000
Total Deposits:$159,628,000

History

1978-03-01Institution established: Original name:Blue Ridge Savings and Loan Association
1988-05-31Changed name to Blue Ridge Savings Bank, Inc.
2001-05-10Changed institution class to OCC SUPERVISED SAVINGS BANKS
2001-05-10Changed organization type to STOCK SAVINGS BANK
2008-01-01Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL DEPOSIT INSURANCE CORPORATION
2008-01-01Changed organization type to STOCK SAVINGS BANK
2008-01-01Changed institution class to FDIC SUPERVISED SAVINGS BANK
2011-10-14Failed. Acquired with government financial assistance and subsequently operated as part of Bank of North Carolina (33527)
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 (2011-09-30 and Older)