Bank failure · GA
Community Bank of Rockmart (Rockmart, GA) — failed November 10, 2011
Community Bank of Rockmart of Rockmart, Georgia was closed on November 10, 2011 and resolved through a purchase and assumption. Century Bank of Georgia (GA) took over its insured deposits. At failure it held $62.4M in assets and $55.9M in deposits. The FDIC's estimated loss on the failure is $20.3M (32.5% of assets).
- Closing date
- November 10, 2011
- FDIC certificate #
- 57860
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Century Bank of Georgia
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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