Bank failure · GA
Community Bank & Trust (Cornelia, GA) — failed January 29, 2010
Community Bank & Trust of Cornelia, Georgia was closed on January 29, 2010 and resolved through a purchase and assumption. Scbt, National Association (SC) took over its insured deposits. At failure it held $1.2B in assets and $1.1B in deposits. The FDIC's estimated loss on the failure is $477.2M (40.4% of assets).
- Closing date
- January 29, 2010
- FDIC certificate #
- 5702
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Scbt, National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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