Bank failure · GA
Creekside Bank (Woodstock, GA) — failed September 2, 2011
Creekside Bank of Woodstock, Georgia was closed on September 2, 2011 and resolved through a purchase and assumption. Georgia Commerce Bank (GA) took over its insured deposits. At failure it held $102.3M in assets and $96.6M in deposits. The FDIC's estimated loss on the failure is $33.8M (33.1% of assets).
- Closing date
- September 2, 2011
- FDIC certificate #
- 58226
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Georgia Commerce Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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