State Hub
Bank Events in South Carolina
Every FDIC-insured bank failure, merger or acquisition involving a bank, credit union or bank holding company, and regulatory enforcement action affecting banks headquartered in South Carolina (SC).
Failures in South Carolina
| Date | Bank | Assets |
|---|---|---|
| Apr 25, 2014 | Allendale County Bank | $49.5M |
| Jun 8, 2012 | Carolina Federal Savings Bank | $54.4M |
| Apr 27, 2012 | Plantation Federal Bank | $433.5M |
| Jul 29, 2011 | Bankmeridian, N.A. | $232.6M |
| Jun 3, 2011 | Atlantic Bank and Trust | $208.2M |
| Jan 21, 2011 | Communitysouth Bank and Trust | $341.0M |
| Jul 23, 2010 | Williamsburg First National Bank | $130.4M |
| Jul 16, 2010 | First National Bank of the South | $619.4M |
| Jul 16, 2010 | Woodlands Bank | $382.8M |
| Apr 9, 2010 | Beach First National Bank | $590.0M |
| Mar 26, 1999 | Victory State Bank | $13.2M |
| Aug 7, 1992 | Citadel FS & La | $39.0M |
| Jun 5, 1992 | Cooper River, FSA | $228.9M |
| Apr 24, 1992 | First South SB | $57.0M |
| Aug 30, 1991 | Hilton Head Bank & Trust Company | $64.6M |
| Aug 2, 1991 | Standard FS & La | $319.7M |
| Nov 30, 1989 | Security Federal Savings, FSB | $759.2M |
| Apr 27, 1989 | Seabank Fed. Savings Bank | $35.4M |
| Sep 20, 1974 | American Bank & Trust | $147.1M |
| Nov 29, 1947 | Peoples Bank of Donalds | $762K |
| Mar 9, 1935 | Palmetto State Bank | $149K |
Mergers & Acquisitions involving South Carolina banks
| Date | Acquired (SC) | Acquirer |
|---|---|---|
| Oct 1, 2026 | Beacon Community Bank | Coastal Carolina National Bank |
| Oct 1, 2026 | Beacon Holding Company, Inc. | Coastal Carolina Bancshares, Inc. |
| Apr 1, 2026 | 1st Cooperative Federal Credit Union | Caro Federal Credit Union |
| Sep 13, 2025 | Vital Federal Credit Union | Founders Federal Credit Union |
| Aug 1, 2024 | Community First Bancorporation | Dogwood State Bank |
| Aug 1, 2024 | Community First Bank, Inc. | Dogwood State Bank |
| Feb 1, 2024 | Mutual Savings Bank | Oconee Federal Savings and Loan Association |
| Jan 1, 2023 | Grandsouth Bancorporation | First Bancorp |
| Jan 1, 2023 | GrandSouth Bank | First Bank |
| Dec 1, 2022 | Abbeville Community Federal Credit Union | Peach State Federal Credit Union |
| Dec 1, 2022 | Pickens Federal Credit Union | Peach State Federal Credit Union |
| Aug 1, 2022 | St. Francis Federal Credit Union | Caro Federal Credit Union |
| Jul 1, 2022 | Sandhills Bank | The Citizens Bank |
| Jul 1, 2022 | Sandhills Holding Company, Inc. | Citizens Bancshares Corporation |
| Apr 30, 2022 | G.H.S. Federal Credit Union | South Carolina Federal Credit Union |
| Feb 1, 2022 | Sumter City Credit Union | Safe Federal Credit Union |
| Jan 22, 2022 | Arrowpointe Federal Credit Union | Founders Federal Credit Union |
| Feb 1, 2021 | Anderson Federal Credit Union | Spero Financial Federal Credit Union |
| Nov 2, 2020 | Charleston County Teachers Federal Credit Union | South Carolina Federal Credit Union |
| Aug 1, 2020 | Spartanburg City Employees Credit Union | South Carolina Federal Credit Union |
| Jun 8, 2020 | South State Bank | SouthState Bank, N.A. |
| May 2, 2020 | CresCom Bank | United Bank |
| May 2, 2020 | Carolina Financial Corporation | United Bankshares, Inc. |
| Apr 1, 2020 | TRMC Employees Credit Union | S.C. State Federal Credit Union |
| Mar 1, 2020 | Health Facilities Federal Credit Union | South Carolina Federal Credit Union |
| Dec 1, 2019 | Turbine Federal Credit Union | Self-Help Credit Union |
| Jun 1, 2019 | Sangamo-Oconee Employees Federal Credit Union | S.C. State Federal Credit Union |
| May 1, 2019 | First South Bank | First-Citizens Bank & Trust Company |
| May 1, 2019 | First South Bancorp, Inc. | First-Citizens Bank & Trust Company |
| Apr 1, 2019 | Carolina Alliance Bank | The Park National Bank |
| Apr 1, 2019 | Cab Financial Corporation | Park National Corporation |
| Feb 1, 2019 | Spartan Federal Credit Union | South Carolina Federal Credit Union |
| Jan 1, 2019 | Clover Community Bank | Carolina Trust Bank |
| Jan 1, 2019 | Clover Community Bankshares, Inc. | Carolina Trust Bancshares, Inc. |
| Dec 1, 2018 | Heritage Community Bank | The Citizens Bank |
| Dec 1, 2018 | Regional Bankshares, Inc. | Citizens Bancshares Corporation |
| Nov 1, 2018 | Palmetto Heritage Bancshares, Inc. | First-Citizens Bank & Trust Company |
| Nov 1, 2018 | Palmetto Heritage Bank & Trust | First-Citizens Bank & Trust Company |
| Oct 1, 2018 | Communityworks Fcu | Self-Help Credit Union |
| Sep 1, 2018 | Palmetto Trust Federal Credit Union | Self-Help Credit Union |
| Apr 3, 2018 | Coastal Banking Company, Inc. | First Federal Bancorp, Inc. |
| Apr 2, 2018 | Atlantic Bancshares, Inc. | South Atlantic Bancshares, Inc. |
| Apr 2, 2018 | Atlantic Community Bank | South Atlantic Bank |
| Apr 1, 2018 | Lakelands Federal Credit Union | Peach State Federal Credit Union |
| Jan 23, 2018 | Independence National Bank | First Reliance Bank |
| Jan 23, 2018 | Independence Bancshares, Inc. | First Reliance Bancshares, Inc. |
| Dec 1, 2017 | Southeast Federal Credit Union | Peach State Federal Credit Union |
| Oct 21, 2017 | Cornerstone National Bank | First Community Bank |
| Oct 21, 2017 | Cornerstone Bancorp | First Community Corporation |
| Aug 1, 2017 | Horry County State Bank | United Community Bank |