Bank failure · GA
The Bank of Ellijay (Ellijay, GA) — failed September 17, 2010
The Bank of Ellijay of Ellijay, Georgia was closed on September 17, 2010 and resolved through a purchase and assumption. Community & Southern Bank (GA) took over its insured deposits. At failure it held $168.8M in assets and $160.7M in deposits. The FDIC's estimated loss on the failure is $79.7M (47.2% of assets).
- Closing date
- September 17, 2010
- FDIC certificate #
- 58197
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Community & Southern Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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