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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Failed Bank Information for Blue Ridge Savings Bank, Inc., Asheville, NC

On Friday, October 14, 2011, Blue Ridge Savings Bank, Inc. was closed by the North Carolina Office of Commissioner of Banks. The FDIC was named Receiver. Bank of North Carolina, Thomasville, NC acquired all deposit accounts.

The FDIC as Receiver for Blue Ridge Savings Bank, Inc., Asheville, NC has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on June 22, 2018 and has made all dividend distributions required by law.

Effective October 1, 2018, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status

TERMINATED

Notice of Termination

Effective Date: October 1, 2018


Notice of Intent to Terminate

Publication Date: June 22, 2018

Dividend Information

Report on dividends paid


Press Release

Official press release

cautionBeware 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.

caution

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: BANK OF NORTH CAROLINA

About Bank of North Carolina

All deposit accounts, including brokered deposits, were transferred to Bank of North Carolina, Thomasville, NC ("assuming institution"). Former Blue Ridge Savings Bank, Inc. locations reopened as branches of Bank of North Carolina.

Your transferred deposits were separately insured from any accounts you may have already had at Bank of North Carolina for at least six months after the failure of Blue Ridge Savings Bank, Inc.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Bank of North Carolina as long as the deposits are not pledged as collateral for loans.

Contacting Bank of North Carolina

On June16, 2017, Bank of North Carolina merged with Pinnacle Bank.

You can contact Pinnacle Bank:

Pinnacle Bank
150 3rd Avenue South
Nashville, TN 37201

Pinnacle Bank (www.mypinnacle.com)

Transaction Documentation

Purchase & Assumption Agreement – PDF (7Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

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