Bank failure · GA
Crescent Bank and Trust Company (Jasper, GA) — failed July 23, 2010
Crescent Bank and Trust Company of Jasper, Georgia was closed on July 23, 2010 and resolved through a purchase and assumption. Renasant Bank (MS) took over its insured deposits. At failure it held $970.2M in assets and $932.8M in deposits. The FDIC's estimated loss on the failure is $303.7M (31.3% of assets).
- Closing date
- July 23, 2010
- FDIC certificate #
- 27559
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Renasant Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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