Bank failure · GA

First Piedmont Bank (Winder, GA) — failed July 17, 2009

First Piedmont Bank of Winder, Georgia was closed on July 17, 2009 and resolved through a purchase and assumption. First American Bank and Trust Company (GA) took over its insured deposits. At failure it held $114.1M in assets and $108.5M in deposits. The FDIC's estimated loss on the failure is $38.0M (33.3% of assets).