CommunitySouth Bank and Trust
Easley, SC · Owner: Communitysouth Financial Corp
$341M
total assets, December 31, 2010
$341M
total assets, December 31, 2010
CommunitySouth Bank and Trust was a state nonmember bank in Easley, SC, owned by Communitysouth Financial Corp. It failed on Jan 21, 2011, and Certus Bank, National Association took over its deposits. At its last report it held $341.0 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2010
This bank failed
- Failed on
- Jan 21, 2011
- Assets
- $341M
- Deposits
- $314M
- Estimated cost
- $45.2M
- Deposits went to
- Certus Bank, National Association, Charlotte, NC
Total assets
$341M
-19.1% in a year · -22.6% in a quarter
Deposits
$314M
-16.6% in a year · -21.9% in a quarter
Loans
$217M
-21.2% in a year · -7.6% in a quarter
Profit so far
-$16.0M
Jan 1 to Dec 31, 2010
Capital ratio
-0.63%
-3.75 pts in a year
Return on assets
-3.79%
+0.59 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 6650 Calhoun Memorial Highway, Easley, SC, 29640
- County
- Pickens
- Holding company
- Communitysouth Financial Corp
- Established
- Jan 18, 2005
- Failed
- Jan 21, 2011
- Employees
- 81
- Branches
- 6
- Id
- b57868
Quarter by quarter
March 31, 2005 to December 31, 2010
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 CommunitySouth Bank and Trust?
$341.0 million in total assets and $314.3 million in deposits as of December 31, 2010, with assets down 19.1% from a year before. Its loans were $216.8 million.
How many branches does CommunitySouth Bank and Trust have?
6 branches in South Carolina as of June 30, 2026.
Is CommunitySouth Bank and Trust profitable?
No: it lost $16.0 million from January 1 to December 31, 2010. Its return on assets was -3.79% a year; about 1% is typical.
Who owns CommunitySouth Bank and Trust?
CommunitySouth Bank and Trust is owned by Communitysouth Financial Corp, its holding company.
When did CommunitySouth Bank and Trust fail?
Jan 21, 2011. Certus Bank, National Association of Charlotte, NC took over its deposits. The estimated cost of the failure was $45.2 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.