Bank failure · GA
Sunrise Bank (Valdosta, GA) — failed May 10, 2013
Sunrise Bank of Valdosta, Georgia was closed on May 10, 2013 and resolved through a purchase and assumption. Synovus Bank (GA) took over its insured deposits. At failure it held $60.8M in assets and $57.8M in deposits. The FDIC's estimated loss on the failure is $16.0M (26.3% of assets).
- Closing date
- May 10, 2013
- FDIC certificate #
- 58185
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Synovus Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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