Bank failure · GA
Hometown Communitybank (Braselton, GA) — failed November 16, 2012
Hometown Communitybank of Braselton, Georgia was closed on November 16, 2012 and resolved through a purchase and assumption. Certusbank, National Association (SC) took over its insured deposits. At failure it held $124.6M in assets and $108.9M in deposits. The FDIC's estimated loss on the failure is $39.7M (31.8% of assets).
- Closing date
- November 16, 2012
- FDIC certificate #
- 57928
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Certusbank, National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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