Bank failure · GA
Appalachian Community Bank (Ellijay, GA) — failed March 19, 2010
Appalachian Community Bank of Ellijay, Georgia was closed on March 19, 2010 and resolved through a purchase and assumption. Community & Southern Bank (GA) took over its insured deposits. At failure it held $1.0B in assets and $917.6M in deposits. The FDIC's estimated loss on the failure is $456.5M (45.2% of assets).
- Closing date
- March 19, 2010
- FDIC certificate #
- 33989
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Community & Southern Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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