Bank failure · GA

The Bank of Georgia (Peachtree City, GA) — failed October 2, 2015

The Bank of Georgia of Peachtree City, Georgia was closed on October 2, 2015 and resolved through a purchase and assumption. Fidelity Bank (GA) took over its insured deposits. At failure it held $286.1M in assets and $264.2M in deposits. The FDIC's estimated loss on the failure is $27.8M (9.7% of assets).