Bank failure · GA
Oglethorpe Bank (Brunswick, GA) — failed January 14, 2011
Oglethorpe Bank of Brunswick, Georgia was closed on January 14, 2011 and resolved through a purchase and assumption. Bank of the Ozarks (AR) took over its insured deposits. At failure it held $211.1M in assets and $201.4M in deposits. The FDIC's estimated loss on the failure is $84.1M (39.8% of assets).
- Closing date
- January 14, 2011
- FDIC certificate #
- 57440
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of the Ozarks
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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