Waccamaw Bank NC closed by FDIC. Accounts transferred to First Community Bank Virginia. Depositors must claim FDIC-insured IRA, CD, Savings Accounts and Checking Accounts

	June 8, 2012: Waccamaw Bank, Whiteville, NC was closed by the North Carolina Office of the Commissioner of Banks. The Federal Deposit Insurance Corporation was named receiver. Successor Bank: All deposit accounts, excluding the Cede & Co. deposits, have been transferred to First Community Bank, Bluefield, VA First Community Bank 29 College Drive Bluefield, VA 24605 History: Est. in 1997 as Waccamaw Bank Acquired The Bank Of Heath Springs - Heath Springs, South Carolina ► Depositors must establish contact or the successor bank or the FDIC to reclaim their deposits. ► Not every depositor in a failed bank will receive notification from the FDIC, and there are time limits on claims of FDIC-insured bank accounts, CDs and safe deposit boxes. By law, accounts which go unclaimed for an extended period may be time barred, and safe deposit boxes can be drilled and the contents sold at auction. ► Additionally, accounts transferred to successor institutions may have lower interest rates and can lose insurance coverage. ► It is important to understand you may have an account at a failed institution and not know it, either because you were a depositor at a bank acquired by an institution that subsequently failed, or if you or a deceased family member are the beneficial owner of a brokered fiduciary account. ► For assistance tracing and reclaiming a lost bank account, certificate of deposit (CD) or safe deposit box go to: Unclaimed IRA, CD and Savings Account Search
2012 FDIC Insured Failed Banks




Waccamaw Bank 110 North J.K. Powell Boulevard Whiteville, NC 28472
Established as Waccamaw Bank




Cost to FDIC: $ 51 million