$208M
total assets, March 31, 2011
Atlantic Bank and Trust was a savings bank in Charleston, SC. It failed on Jun 3, 2011, and First Citizens Bank And Trust Company, Inc. took over its deposits. At its last report it held $208.2 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2011
This bank failed
- Failed on
- Jun 3, 2011
- Assets
- $208M
- Deposits
- $192M
- Estimated cost
- $31.2M
- Deposits went to
- First Citizens Bank And Trust Company, Inc., Columbia, SC
Total assets
$208M
-26.6% in a year · -13.0% in a quarter
Deposits
$192M
-22.9% in a year · -10.4% in a quarter
Loans
$151M
-18.7% in a year · -7.0% in a quarter
Profit so far
-$4.4M
Jan 1 to Mar 31, 2011
Capital ratio
1.37%
-5.92 pts in a year
Return on assets
-7.79%
-1.89 pts in a year
Facts
- Type
- Savings bank
- Head office
- 152 East Bay Street, Charleston, SC, 29401
- County
- Charleston
- Established
- Feb 20, 2007
- Failed
- Jun 3, 2011
- Employees
- 65
- Branches
- 3 in 2 states
- Id
- b58420
Quarter by quarter
March 31, 2007 to March 31, 2011
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Atlantic Bank and Trust?
$208.2 million in total assets and $191.6 million in deposits as of March 31, 2011, with assets down 26.6% from a year before. Its loans were $151.3 million.
How many branches does Atlantic Bank and Trust have?
3 branches in 2 states as of June 30, 2026.
Is Atlantic Bank and Trust profitable?
No: it lost $4.36 million from January 1 to March 31, 2011. Its return on assets was -7.79% a year; about 1% is typical.
When did Atlantic Bank and Trust fail?
Jun 3, 2011. First Citizens Bank And Trust Company, Inc. of Columbia, SC took over its deposits. The estimated cost of the failure was $31.2 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.