Bank failure · GA

First Federal Sb, FSB (Ashburn, GA) — failed April 5, 1991

First Federal Sb, FSB of Ashburn, Georgia was closed on April 5, 1991 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $30.2M in assets and $30.6M in deposits. The FDIC's estimated loss on the failure is $2.7M (9.1% of assets).