Bank failure · GA
Habersham Bank (Clarkesville, GA) — failed February 18, 2011
Habersham Bank of Clarkesville, Georgia was closed on February 18, 2011 and resolved through a purchase and assumption. Scbt National Association (SC) took over its insured deposits. At failure it held $387.7M in assets and $339.9M in deposits. The FDIC's estimated loss on the failure is $119.4M (30.8% of assets).
- Closing date
- February 18, 2011
- FDIC certificate #
- 151
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Scbt National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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