Bank failure · GA
Haven Trust Bank (Duluth, GA) — failed December 12, 2008
Haven Trust Bank of Duluth, Georgia was closed on December 12, 2008 and resolved through a purchase and assumption. Branch Banking and Trust Company (NC) took over its insured deposits. At failure it held $559.6M in assets and $489.7M in deposits. The FDIC's estimated loss on the failure is $246.6M (44.1% of assets).
- Closing date
- December 12, 2008
- FDIC certificate #
- 35379
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Banking and Trust Company
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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