1st State Bank

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1st State Bank Detail Information

1st State Bank
445 South Main Street
Burlington, North Carolina 27215
Primary Internet Web Address: http://www.1ststatebanknc.com:80/

FDIC Certificate #: 27789
Active: No
Bank Charter Class: NM - commercial bank, state charter and Fed nonmember, supervised by the FDIC.
Structural event relating to an institution: Merger - Without Assistance
1st State Bank Established Date: 1/1/1914
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
Secondary Insurance Fund:

About 1st State Bank as of 9/6/2007 (NC Bank):

• County: Alamance
• 1st State Bank is NOT being operated in government conservatorship.
• Institution is currently closed but were once insured by the FDIC.
• Includes commercial banks insured by the FDIC. These institutions are regulated by one of the three Federal commercial bank regulators (FDIC, Federal Reserve Board, or Office of the Comptroller of the Currency). They submit financial reports to the Federal Reserve (state member banks) or the FDIC (state non-member banks and national banks).
• Includes institutions insured by the FDIC.
• Member of the Savings Association Insurance Fund. As of April 1, 2006 SAIF was merged together with the Bank Insurance Fund (BIF) to create a single Deposit Insurance Fund (DIF). All FDIC insured SAIF member institutions, that are still active or open, are now insured members of DIF.
• 1st State Bank is state chartered.
• OTS supervised savings associations that converted their charter to that of a commercial or savings bank. Converted associations remain members of the SAIF, but they become subject to supervision by one of the three federal banking agencies. Not Applicable as of March 31, 2006.
• Bank Holding Company Type: Raleigh
• Regulator: FDIC
• Metropolitan Statistical Area (MSA): Greensboro--Winston-Salem--High Point, NC
• Office of Thrift Supervision Region: Southeast
• FDIC Supervisory Region: Atlanta
• Federal Reserve District: Atlanta
• Bank Holding Company (Regulatory Top Holder):
• Regulatory holding company state location:

Office: 7 1st State Bank Branch/Bank Locations

_{*Data by The Federal Deposit Insurance Corporation (FDIC)}