Bank failure · AL
Alabama Trust Bank, National Association (Sylacauga, AL) — failed May 18, 2012
Alabama Trust Bank, National Association of Sylacauga, Alabama was closed on May 18, 2012 and resolved through a purchase and assumption. Southern States Bank (AL) took over its insured deposits. At failure it held $51.6M in assets and $45.1M in deposits. The FDIC's estimated loss on the failure is $10.7M (20.7% of assets).
- Closing date
- May 18, 2012
- FDIC certificate #
- 35224
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Southern States Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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