Bank failure · GA
Montgomery Bank & Trust (Ailey, GA) — failed July 6, 2012
Montgomery Bank & Trust of Ailey, Georgia was closed on July 6, 2012 and resolved through a purchase and assumption. Ameris Bank (GA) took over its insured deposits. At failure it held $153.2M in assets and $164.2M in deposits. The FDIC's estimated loss on the failure is $65.8M (42.9% of assets).
- Closing date
- July 6, 2012
- FDIC certificate #
- 19498
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Ameris Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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