Bank failure · GA

Mutual Federal Savings Bank of Atlanta (Atlanta, GA) — failed March 10, 2000

Mutual Federal Savings Bank of Atlanta of Atlanta, Georgia was closed on March 10, 2000 and resolved through a purchase and assumption. Citizens Trust Bank (GA) took over its insured deposits. At failure it held $31.5M in assets and $32.2M in deposits. The FDIC's estimated loss on the failure is $1.3M (4.2% of assets).