Bank failure · GA

First Security National Bank (Norcross, GA) — failed December 4, 2009

First Security National Bank of Norcross, Georgia was closed on December 4, 2009 and resolved through a purchase and assumption. State Bank and Trust Company (GA) took over its insured deposits. At failure it held $127.5M in assets and $121.6M in deposits. The FDIC's estimated loss on the failure is $34.3M (26.9% of assets).