Bank failure · GA

Century Security Bank (Duluth, GA) — failed March 19, 2010

Century Security Bank of Duluth, Georgia was closed on March 19, 2010 and resolved through a purchase and assumption. Bank of Upson (GA) took over its insured deposits. At failure it held $96.5M in assets and $94.0M in deposits. The FDIC's estimated loss on the failure is $37.7M (39.1% of assets).