Bank failure · GA
Habersham Federal Sa (Cornelia, GA) — failed June 22, 1989
Habersham Federal Sa of Cornelia, Georgia was closed on June 22, 1989 and resolved through a insured deposit transfer. First Commerce Bank (GA) took over its insured deposits. At failure it held $93.3M in assets and $90.8M in deposits. The FDIC's estimated loss on the failure is $36.0M (38.6% of assets).
- Closing date
- June 22, 1989
- FDIC certificate #
- 27924
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- First Commerce Bank
- Insurance fund
- RTC
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