Bank failure · GA

First Fs&la (Columbus, GA) — failed December 1, 1988

First Fs&la of Columbus, Georgia was closed on December 1, 1988 and resolved through a a/a. Barnett FSB (GA) took over its insured deposits. At failure it held $265.7M in assets and $241.6M in deposits. The FDIC's estimated loss on the failure is $817K (0.3% of assets).