Bank failure · GA
The Buckhead Community Bank (Atlanta, GA) — failed December 4, 2009
The Buckhead Community Bank of Atlanta, Georgia was closed on December 4, 2009 and resolved through a purchase and assumption. State Bank and Trust Company (GA) took over its insured deposits. At failure it held $856.2M in assets and $813.7M in deposits. The FDIC's estimated loss on the failure is $310.6M (36.3% of assets).
- Closing date
- December 4, 2009
- FDIC certificate #
- 34663
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- State Bank and Trust Company
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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