Bank failure · GA
Mountain Heritage Bank (Clayton, GA) — failed June 24, 2011
Mountain Heritage Bank of Clayton, Georgia was closed on June 24, 2011 and resolved through a purchase and assumption. First American Bank and Trust Company (GA) took over its insured deposits. At failure it held $103.7M in assets and $89.6M in deposits. The FDIC's estimated loss on the failure is $34.5M (33.2% of assets).
- Closing date
- June 24, 2011
- FDIC certificate #
- 57593
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First American Bank and Trust Company
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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