First Scotland Bank

Status:Inactive as of 12/15/1995
 Absorption - Without Assistance
Successor Bank:First Bank
Headquarters:First Scotland Bank
909 South Main Street
Laurinburg, NC 28352
Established:01/15/1985
FDIC Insurance:01/15/1985
FDIC Cert:#25839
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$20,149,000
Total Deposits:$18,416,000

History

1985-01-15Institution established: Original name:First Scotland Bank
1995-12-15Merged into and subsequently operated as part of First Bank (15019) in TROY, NC
2000-11-17Acquired First Savings Bank of Moore County, Inc., SSB (28074) in SOUTHERN PINES, NC
2001-09-18Acquired Home Savings, SSB (31012) in THOMASVILLE, NC
2003-05-16Acquired Carolina Community Bank, National Association (11537) in LATTA, SC
2008-05-16Acquired Sentry Bank & Trust (28032) in CHERAW, SC
2009-06-20Acquired Cooperative Bank (27837) in WILMINGTON, NC as part of a government assisted transaction.
2011-01-21Acquired The Bank of Asheville (34516) in ASHEVILLE, NC as part of a government assisted transaction.
2013-09-04Moved bank headquarters from LAURINBURG, NC to SOUTHERN PINES, NC
2015-04-22Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to FEDERAL RESERVE BOARD
2015-04-22Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS
2017-03-04Acquired Carolina Bank (34348) in GREENSBORO, NC
2017-10-01Acquired Asheville Savings Bank, S.S.B. (29663) in ASHEVILLE, NC

Financial Information (1994-12-31 and Older)