Bank failure · GA

Frontier Bank (Lagrange, GA) — failed March 8, 2013

Frontier Bank of Lagrange, Georgia was closed on March 8, 2013 and resolved through a purchase and assumption. Heritage Bank of the South (GA) took over its insured deposits. At failure it held $258.8M in assets and $224.1M in deposits. The FDIC's estimated loss on the failure is $73.4M (28.4% of assets).