This institution is no longer active

Operations ceased on December 29, 1993. CRA examination history below reflects the period it was active.

NEW EAST BANK OF THE CAPE FEAR

FAYETTEVILLE, NC · Supervised by FDIC

Est. 1989FDIC #32,726RSSD: FDIC-32726

Part ofNEW EAST BCORP→ View all charters

Satisfactory

Current rating · Exam: January 1993

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Needs Attention

ROA -0.23%

Institution Profile

FDIC BankFind

Address

991 South Mcpherson Church Road, FAYETTEVILLE, NC

County

Cumberland County

Established

November 18, 1989

Total Assets

$44M(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

January 1, 1993

Exam Type

Not Reported

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 33 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)

Financial Snapshot

As of Q3 1993Call Report / FDIC

Total Assets

$44M

Total Deposits

$40M

Net Loans

$31M

Net Income

$-74K

ROA

-0.23%

ROE

-2.33%

Risk-Based Capital

12.18%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

This is the only examination on record for this bank.

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