Bank failure · GA

Security Exchange Bank (Marietta, GA) — failed June 15, 2012

Security Exchange Bank of Marietta, Georgia was closed on June 15, 2012 and resolved through a purchase and assumption. Fidelity Bank (GA) took over its insured deposits. At failure it held $151.0M in assets and $147.9M in deposits. The FDIC's estimated loss on the failure is $44.8M (29.6% of assets).