Bank failure · GA
Appalacian Community Bank, F.S.B. (McCaysville, GA) — failed December 17, 2010
Appalacian Community Bank, F.S.B. of McCaysville, Georgia was closed on December 17, 2010 and resolved through a purchase and assumption. Peoples Bank of East Tennessee (TN) took over its insured deposits. At failure it held $68.2M in assets and $76.4M in deposits. The FDIC's estimated loss on the failure is $28.5M (41.7% of assets).
- Closing date
- December 17, 2010
- FDIC certificate #
- 58495
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Peoples Bank of East Tennessee
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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