Bank failure · GA
Jasper Banking Company (Jasper, GA) — failed July 27, 2012
Jasper Banking Company of Jasper, Georgia was closed on July 27, 2012 and resolved through a purchase and assumption. Stearns Bank National Association (MN) took over its insured deposits. At failure it held $206.7M in assets and $204.2M in deposits. The FDIC's estimated loss on the failure is $49.2M (23.8% of assets).
- Closing date
- July 27, 2012
- FDIC certificate #
- 16240
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Stearns Bank National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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