- 2010: First National Bank of the South Failed, FDIC Was Named the Receiver july. “On Friday, July 16, 2010, First nationwide Bank of this South, Spartanburg, SC ended up being closed because of the workplace regarding the Comptroller of this Currency, in addition to Federal Deposit Insurance Corporation (FDIC) ended up being known as Receiver. No advance notice is fond of the general public whenever a standard bank is closed.”
- Headline: “FDIC Seizes Control Over Spartanburg Bank.”
- FDIC Destroyed $74.9 Million As A Direct Result The Bank’s Failure. keep reading
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