Bank failure · GA

First Community Bank of Cherokee (Woodstock, GA) — failed March 31, 1992

First Community Bank of Cherokee of Woodstock, Georgia was closed on March 31, 1992 and resolved through a insured deposit transfer. Etowah Bank (GA) took over its insured deposits. At failure it held $35.6M in assets and $33.7M in deposits. The FDIC's estimated loss on the failure is $6.9M (19.3% of assets).