Bank failure · GA
Eastside Commercial Bank (Conyers, GA) — failed July 18, 2014
Eastside Commercial Bank of Conyers, Georgia was closed on July 18, 2014 and resolved through a purchase and assumption. Community & Southern Bank (GA) took over its insured deposits. At failure it held $173.9M in assets and $166.9M in deposits. The FDIC's estimated loss on the failure is $38.3M (22.0% of assets).
- Closing date
- July 18, 2014
- FDIC certificate #
- 58125
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Community & Southern Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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