Bank failure · GA
Atlantic Southern Bank (Macon, GA) — failed May 20, 2011
Atlantic Southern Bank of Macon, Georgia was closed on May 20, 2011 and resolved through a purchase and assumption. Certus Bank, N.A. (SC) took over its insured deposits. At failure it held $741.9M in assets and $707.6M in deposits. The FDIC's estimated loss on the failure is $281.0M (37.9% of assets).
- Closing date
- May 20, 2011
- FDIC certificate #
- 57213
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Certus Bank, N.A.
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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