Bank failure · GA
Global Commerce Bank (Doraville, GA) — failed March 2, 2012
Global Commerce Bank of Doraville, Georgia was closed on March 2, 2012 and resolved through a purchase and assumption. Metro City Bank (GA) took over its insured deposits. At failure it held $143.7M in assets and $116.8M in deposits. The FDIC's estimated loss on the failure is $40.3M (28.0% of assets).
- Closing date
- March 2, 2012
- FDIC certificate #
- 34046
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Metro City Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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