This institution is no longer active

Operations ceased on October 3, 2003. CRA examination history below reflects the period it was active.

MOUNTAINBANK

HENDERSONVILLE, NC · Supervised by FDIC

Est. 1997FDIC #34,438RSSD: FDIC-34438

Part ofMOUNTAINBANK FINANCIAL CORP→ View all charters

Satisfactory

Current rating · Exam: April 1999

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.92%

Institution Profile

FDIC BankFind

Address

201 Wren Drive, HENDERSONVILLE, NC

County

Henderson County

Established

June 26, 1997

Total Assets

$878M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

April 1, 1999

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 27 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Download Evaluation Report (PDF)

Financial Snapshot

As of Q3 2003Call Report / FDIC

Total Assets

$878M

Total Deposits

$731M

Net Loans

$723M

Net Income

$6M

ROA

0.92%

ROE

11.68%

Risk-Based Capital

10.14%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

This is the only examination on record for this bank.

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