Bank failure · GA
Satilla Community Bank (Saint Marys, GA) — failed May 14, 2010
Satilla Community Bank of Saint Marys, Georgia was closed on May 14, 2010 and resolved through a purchase and assumption. Ameris Bank (GA) took over its insured deposits. At failure it held $135.7M in assets and $134.0M in deposits. The FDIC's estimated loss on the failure is $36.3M (26.8% of assets).
- Closing date
- May 14, 2010
- FDIC certificate #
- 35114
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Ameris Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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