Bank failure · GA
Ebank (Atlanta, GA) — failed August 21, 2009
Ebank of Atlanta, Georgia was closed on August 21, 2009 and resolved through a purchase and assumption. Stearns Bank, N.A. (MN) took over its insured deposits. At failure it held $144.7M in assets and $131.5M in deposits. The FDIC's estimated loss on the failure is $49.9M (34.5% of assets).
- Closing date
- August 21, 2009
- FDIC certificate #
- 34682
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Stearns Bank, N.A.
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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