Bank failure · GA
Neighborhood Community Bank (Newnan, GA) — failed June 26, 2009
Neighborhood Community Bank of Newnan, Georgia was closed on June 26, 2009 and resolved through a purchase and assumption. Charterbank (GA) took over its insured deposits. At failure it held $212.6M in assets and $190.1M in deposits. The FDIC's estimated loss on the failure is $80.7M (38.0% of assets).
- Closing date
- June 26, 2009
- FDIC certificate #
- 35285
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Charterbank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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