Bank failure · GA
The Gordon Bank (Gordon, GA) — failed October 22, 2010
The Gordon Bank of Gordon, Georgia was closed on October 22, 2010 and resolved through a purchase and assumption. Morris Bank (GA) took over its insured deposits. At failure it held $29.3M in assets and $26.9M in deposits. The FDIC's estimated loss on the failure is $10.4M (35.4% of assets).
- Closing date
- October 22, 2010
- FDIC certificate #
- 33904
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Morris Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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