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Bank Failure #42 for 2010: Beach First National Bank in SC

Friday, April 9, 2010 - 5:42 PM
From the FDIC press release
To protect the depositors, the FDIC entered into a purchase and assumption agreement with Bank of North Carolina, Thomasville, North Carolina, to assume all of the deposits of Beach First National Bank.
I'll have more on this closure later today in my bank failure review.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708