Easley Banks Assumes Operations Of Failed North Carolina Bank - WSPA.com

Easley Banks Assumes Operations Of Failed North Carolina Bank

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CertusBank of Easley has assumed responsibilities of the failed Parkway Bank of Lenoir, North Carolina. CertusBank of Easley has assumed responsibilities of the failed Parkway Bank of Lenoir, North Carolina.

The North Carolina Office of the Commissioner of Banks announced the closure of Parkway Bank in Lenoir, and the Federal Deposit Insurance Corporation appointed CertusBank of Easley as its receiver.

The three branches of Parkway Bank will reopen as branches of CertusBank during normal business hours, the FDIC announced in a prepared statement. Depositors of Parkway Bank will become depositors of CertusBank and continued to be insured by the FDIC.

The FDIC stated that customers of Parkway Bank should continue to use their current branch until they receive notice from CertusBank that system conversions have been made to allow full-service banking at all CertusBank branches.

According to the FDIC, as of December 31, 2012, Parkway Bank had approximately $108.6 million in total assets and $103.7 million in total deposits. In addition of assuming all of the deposits of Parkway Bank, CertusBank agreed to purchase approximately 99.2 million of the bank's failed assets.

Customers of Parkway Bank can access their accounts by using ATM or Debit cards or writing checks. Checks drawn on the bank will continue to be processed. Loan customers should make their payments as usual, the FDIC states.

Anyone with questions about the closing is asked to call the FDIC toll-free number at 1-800-405-1439.

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