Bank failure · GA

First Georgia Community Bank (Jackson, GA) — failed December 5, 2008

First Georgia Community Bank of Jackson, Georgia was closed on December 5, 2008 and resolved through a purchase and assumption. United Bank (GA) took over its insured deposits. At failure it held $256.4M in assets and $215.3M in deposits. The FDIC's estimated loss on the failure is $86.3M (33.7% of assets).