Bank failure · GA
Firstbank Financial Services (McDonough, GA) — failed February 6, 2009
Firstbank Financial Services of McDonough, Georgia was closed on February 6, 2009 and resolved through a purchase and assumption. Regions Bank (AL) took over its insured deposits. At failure it held $317.2M in assets and $279.3M in deposits. The FDIC's estimated loss on the failure is $151.3M (47.7% of assets).
- Closing date
- February 6, 2009
- FDIC certificate #
- 57017
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Regions Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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