Failed Bank Information for First National Bank of the South, Spartanburg, SC
On Friday, July 16, 2010, First National Bank of the South was closed by the Office of the Comptroller of the Currency. The FDIC was named Receiver. NAFH National Bank, Miami, FL acquired all deposit accounts.
The FDIC as Receiver for First National Bank of the South, Spartanburg, SC has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on September 30, 2021 and has made all dividend distributions required by law.
Effective July 1, 2022, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status
TERMINATED
Effective Date: July 1, 2022
Publication Date: September 30, 2021
Beware of scams!
Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to
obtain information from you.
ACQUIRING INSTITUTION: NAFH NATIONAL BANK
About NAFH National Bank
All deposit accounts, excluding certain brokered deposits, were transferred to NAFH National Bank, Miami, FL ("assuming institution"). Former First National Bank of the South locations reopened as branches of NAFH National Bank.
Your transferred deposits were separately insured from any accounts you may have already had at NAFH National Bank for at least six months after the failure of First National Bank of the South.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with NAFH National Bank as long as the deposits are not pledged as collateral for loans.
Contacting NAFH National Bank
On 11/30/2017, NAFH National Bank merged with First Horizon Bank.
You can contact First Horizon Bank:
First Horizon Bank
165 Madison Ave
Memphis, TN 38103
First Horizon Bank (www.firsthorizon.com)
Transaction Documentation
Purchase & Assumption Agreement - PDF (1.10 Mb)
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank