Bank failure · GA

Southern Fsa of Georgia (Atlanta, GA) — failed July 10, 1992

Southern Fsa of Georgia of Atlanta, Georgia was closed on July 10, 1992 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $160.0M in assets and $151.4M in deposits. The FDIC's estimated loss on the failure is $8.4M (5.2% of assets).