Bank failure · GA
Chestatee State Bank (Dawsonville, GA) — failed December 17, 2010
Chestatee State Bank of Dawsonville, Georgia was closed on December 17, 2010 and resolved through a purchase and assumption. Bank of the Ozarks (AR) took over its insured deposits. At failure it held $244.4M in assets and $240.5M in deposits. The FDIC's estimated loss on the failure is $83.1M (34.0% of assets).
- Closing date
- December 17, 2010
- FDIC certificate #
- 34578
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of the Ozarks
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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