Plantation Federal Bank
Pawleys Island, SC · Owner: Plantation Financial Corp
$434M
total assets, March 31, 2012
$434M
total assets, March 31, 2012
Plantation Federal Bank was a savings bank in Pawleys Island, SC, owned by Plantation Financial Corp. It failed on Apr 27, 2012, and First Federal Bank took over its deposits. At its last report it held $433.5 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2012
This bank failed
- Failed on
- Apr 27, 2012
- Assets
- $434M
- Deposits
- $416M
- Estimated cost
- $83.2M
- Deposits went to
- First Federal Bank, Charleston, SC
Total assets
$434M
-26.8% in a year · -10.9% in a quarter
Deposits
$416M
-20.6% in a year · -5.6% in a quarter
Loans
$322M
-24.6% in a year · -7.2% in a quarter
Profit so far
-$27.6M
Jan 1 to Mar 31, 2012
Capital ratio
-5.19%
-9.20 pts in a year
Return on assets
-23.98%
-22.96 pts in a year
Facts
- Type
- Savings bank
- Head office
- 11039 Ocean Highway, Pawleys Island, SC, 29585
- County
- Georgetown
- Holding company
- Plantation Financial Corp
- Established
- Oct 20, 1986
- Failed
- Apr 27, 2012
- Employees
- 72
- Branches
- 7
- Id
- b32503
Quarter by quarter
December 31, 1986 to March 31, 2012
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 Plantation Federal Bank?
$433.5 million in total assets and $415.9 million in deposits as of March 31, 2012, with assets down 26.8% from a year before. Its loans were $322.5 million.
How many branches does Plantation Federal Bank have?
7 branches in South Carolina as of June 30, 2026.
Is Plantation Federal Bank profitable?
No: it lost $27.6 million from January 1 to March 31, 2012. Its return on assets was -23.98% a year; about 1% is typical.
Who owns Plantation Federal Bank?
Plantation Federal Bank is owned by Plantation Financial Corp, its holding company.
When did Plantation Federal Bank fail?
Apr 27, 2012. First Federal Bank of Charleston, SC took over its deposits. The estimated cost of the failure was $83.2 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.