Bank failure · GA
Tifton Banking Company (Tifton, GA) — failed November 12, 2010
Tifton Banking Company of Tifton, Georgia was closed on November 12, 2010 and resolved through a purchase and assumption. Ameris Bank (GA) took over its insured deposits. At failure it held $143.7M in assets and $141.6M in deposits. The FDIC's estimated loss on the failure is $21.4M (14.9% of assets).
- Closing date
- November 12, 2010
- FDIC certificate #
- 57831
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Ameris Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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