Bank failure · GA
The First State Bank (Stockbridge, GA) — failed January 20, 2012
The First State Bank of Stockbridge, Georgia was closed on January 20, 2012 and resolved through a purchase and assumption. Hamilton State Bank (GA) took over its insured deposits. At failure it held $516.8M in assets and $509.1M in deposits. The FDIC's estimated loss on the failure is $192.1M (37.2% of assets).
- Closing date
- January 20, 2012
- FDIC certificate #
- 19252
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Hamilton State Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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