Bank failure · GA
Community Capital Bank (Jonesboro, GA) — failed October 21, 2011
Community Capital Bank of Jonesboro, Georgia was closed on October 21, 2011 and resolved through a purchase and assumption. State Bank and Trust Company (GA) took over its insured deposits. At failure it held $165.3M in assets and $157.8M in deposits. The FDIC's estimated loss on the failure is $65.0M (39.3% of assets).
- Closing date
- October 21, 2011
- FDIC certificate #
- 57036
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- State Bank and Trust Company
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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