Bank failure · GA
The Woodbury Banking Company (Woodbury, GA) — failed August 19, 2016
The Woodbury Banking Company of Woodbury, Georgia was closed on August 19, 2016 and resolved through a purchase and assumption. United Bank (GA) took over its insured deposits. At failure it held $21.4M in assets and $21.1M in deposits. The FDIC's estimated loss on the failure is $3.3M (15.4% of assets).
- Closing date
- August 19, 2016
- FDIC certificate #
- 11297
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- United Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials