TellerScore

Bank failure · GA

Integrity Bank (Alpharetta, GA) — failed August 29, 2008

Integrity Bank of Alpharetta, Georgia was closed on August 29, 2008 and resolved through a purchase and assumption. Regions Bank (AL) took over its insured deposits. At failure it held $1.1B in assets and $962.5M in deposits. The FDIC's estimated loss on the failure is $465.9M (42.1% of assets).

Closing date
August 29, 2008
FDIC certificate #
35469
Resolution
Purchase and assumption (failure)
Acquiring institution
Regions Bank
Insurance fund
DIF
Pre-failure filings
Last reported financials

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What happens when a bank fails