Bank failure · GA
The Community Bank (Loganville, GA) — failed November 21, 2008
The Community Bank of Loganville, Georgia was closed on November 21, 2008 and resolved through a purchase and assumption. Bank of Essex (VA) took over its insured deposits. At failure it held $634.9M in assets and $603.7M in deposits. The FDIC's estimated loss on the failure is $335.1M (52.8% of assets).
- Closing date
- November 21, 2008
- FDIC certificate #
- 16490
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of Essex
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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