January 21, 2011: The
Bank of Asheville, Asheville, NC was closed by the North Carolina Office
of Commissioner of Banks. The
Federal Deposit Insurance Corporation was named receiver.
Successor Bank: All deposit accounts have been transferred to First Bank, Troy, North Carolina
History: Established in 1997 as The Bank Of Asheville
► Depositors must establish contact or the successor bank or the FDIC to reclaim their deposits. ► Not every depositor in a failed bank will receive notification from the FDIC, and there are time limits on claims of FDIC-insured bank accounts, CDs and safe deposit boxes. By law, accounts which go unclaimed for an extended period may be time barred, and safe deposit boxes can be drilled and the contents sold at auction. ► Additionally, accounts transferred to successor institutions may have lower interest rates and can lose insurance coverage.
► It is important to understand you may have an account at a failed institution and not know it, either because you were a depositor at a bank acquired by an institution that subsequently failed, or if you or a deceased family member are the beneficial owner of a brokered fiduciary account.
► For assistance tracing and reclaiming a lost bank account or safe deposit box go to: Unclaimed Money Search
|2010 FDIC Insured Failed Banks|
The Bank of
79 Woodfin Place
Asheville, NC 28801
|Cost to FDIC: $56 million|