Bank failure · GA

Georgia Trust Bank (Buford, GA) — failed July 20, 2012

Georgia Trust Bank of Buford, Georgia was closed on July 20, 2012 and resolved through a purchase and assumption. Community & Southern Bank (GA) took over its insured deposits. At failure it held $116.9M in assets and $114.7M in deposits. The FDIC's estimated loss on the failure is $25.3M (21.7% of assets).