Bank failure · GA
The Park Avenue Bank (Valdosta, GA) — failed April 29, 2011
The Park Avenue Bank of Valdosta, Georgia was closed on April 29, 2011 and resolved through a purchase and assumption. Bank of the Ozarks (AR) took over its insured deposits. At failure it held $849.4M in assets and $724.5M in deposits. The FDIC's estimated loss on the failure is $212.0M (25.0% of assets).
- Closing date
- April 29, 2011
- FDIC certificate #
- 19797
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of the Ozarks
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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