Bank failure · GA
American Trust Bank (Roswell, GA) — failed February 4, 2011
American Trust Bank of Roswell, Georgia was closed on February 4, 2011 and resolved through a purchase and assumption. Renasant Bank (MS) took over its insured deposits. At failure it held $238.2M in assets and $222.2M in deposits. The FDIC's estimated loss on the failure is $69.3M (29.1% of assets).
- Closing date
- February 4, 2011
- FDIC certificate #
- 57432
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Renasant Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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