Bank failure · GA

Central Bank of Georgia (Ellaville, GA) — failed February 24, 2012

Central Bank of Georgia of Ellaville, Georgia was closed on February 24, 2012 and resolved through a purchase and assumption. Ameris Bank (GA) took over its insured deposits. At failure it held $278.9M in assets and $266.6M in deposits. The FDIC's estimated loss on the failure is $51.8M (18.6% of assets).