Bank failure · AL

First Lowndes Bank (Fort Deposit, AL) — failed March 19, 2010

First Lowndes Bank of Fort Deposit, Alabama was closed on March 19, 2010 and resolved through a purchase and assumption. First Citizens Bank (AL) took over its insured deposits. At failure it held $137.2M in assets and $131.1M in deposits. The FDIC's estimated loss on the failure is $11.7M (8.5% of assets).