Bank failure · GA
The Federal Sb, FSB (Swainsboro, GA) — failed March 22, 1991
The Federal Sb, FSB of Swainsboro, Georgia was closed on March 22, 1991 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $150.9M in assets and $131.2M in deposits. The FDIC's estimated loss on the failure is $46.3M (30.7% of assets).
- Closing date
- March 22, 1991
- FDIC certificate #
- 30940
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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