Tag Archives: Georgia
FDIC Approves the Payout of the Insured Deposits of Rockbridge Commercial Bank, Atlanta, Georgia
The FDIC was unable to find another financial institution to take over the banking operations of RockBridge Commercial Bank. RockBridge Commercial Bank is the 134th FDIC-insured institution to fail this year and the twenty-fifth in Georgia since The Buckhead Community Bank, Atlanta, was closed on December 4, 2009. The FDIC estimates the cost of the failure to its Deposit Insurance Fund to be approximately $124.2 million.
Bank Closing – Bank Closing The Buckhead Community Bank, Atlanta, GA
On December 4, 2009, The Buckhead Community Bank (CERT # 34663), Atlanta, GA by the Georgia Department of Banking and Finance. All deposits, excluding certain brokered deposits, were transferred to the acquiring institution; for further information, please visit the FDIC web site: The Buckhead Community Bank (www.fdic.gov).
State Bank and Trust Company, Macon, Georgia, Assumes All [...]
Bank Closing – First Security National Bank, Norcross, GA
On Friday, December 4, 2009, First Security National Bank (CERT #26290), Norcross, GA was closed by the Office of the Comptroller of the Currency. All deposits, excluding certain brokered deposits, were transferred to the acquiring institution; for further information, please visit the FDIC web site: First Security National Bank (www.fdic.gov).
State Bank and Trust Company, [...]
Bank Closing Tattnall Bank, Reidsville, Georgia,
On Friday, December 4, 2009, The Tattnall Bank (CERT #12080), Reidsville, GA was closed by the Georgia Department of Banking and Finance. All deposits, excluding certain brokered deposits, were transferred to the acquiring institution; for further information, please visit the FDIC web site: The Tattnall Bank (www.fdic.gov).
HeritageBank of the South, Albany, Georgia, Assumes All [...]
Bank Closing – United Security Bank, Sparta, GA
United Security Bank, Sparta, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Ameris Bank, Moultrie, Georgia, to assume all of the deposits of United Security Bank.On November 6, 2009, United Security Bank, (CERT #22286) Sparta, GA was closed by the Georgia Department of Banking and Finance. All deposits, excluding certain brokered deposits, were transferred to the acquiring institution; for further information, please visit the FDIC web site: United Security Bank (www.fdic.gov).
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