Bank failure · GA
First National Bank of Georgia (Carrollton, GA) — failed January 29, 2010
First National Bank of Georgia of Carrollton, Georgia was closed on January 29, 2010 and resolved through a purchase and assumption. Community & Southern Bank (GA) took over its insured deposits. At failure it held $840.6M in assets and $780.2M in deposits. The FDIC's estimated loss on the failure is $203.9M (24.3% of assets).
- Closing date
- January 29, 2010
- FDIC certificate #
- 16480
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Community & Southern Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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