Bank failure · GA
Georgian Bank (Atlanta, GA) — failed September 25, 2009
Georgian Bank of Atlanta, Georgia was closed on September 25, 2009 and resolved through a purchase and assumption. First Citizens Bank & Trust Company (SC) took over its insured deposits. At failure it held $2.2B in assets and $2.0B in deposits. The FDIC's estimated loss on the failure is $960.8M (43.1% of assets).
- Closing date
- September 25, 2009
- FDIC certificate #
- 57151
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Citizens Bank & Trust Company
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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