Bank failure · GA

Capitol City Bank & Trust Company (Atlanta, GA) — failed February 13, 2015

Capitol City Bank & Trust Company of Atlanta, Georgia was closed on February 13, 2015 and resolved through a purchase and assumption. First-Citizens Bank & Trust Company (NC) took over its insured deposits. At failure it held $272.3M in assets and $262.7M in deposits. The FDIC's estimated loss on the failure is $95.9M (35.2% of assets).