Bank failure · GA
Cobb Fsa (Marietta, GA) — failed November 8, 1991
Cobb Fsa of Marietta, Georgia was closed on November 8, 1991 and resolved through a purchase and assumption. First Union Nb of Ga (GA) took over its insured deposits. At failure it held $83.2M in assets and $82.8M in deposits. The FDIC's estimated loss on the failure is $25.5M (30.7% of assets).
- Closing date
- November 8, 1991
- FDIC certificate #
- 32543
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Union Nb of Ga
- Insurance fund
- RTC
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