Bank failure · GA
United Americas Bank (Atlanta, GA) — failed December 17, 2010
United Americas Bank of Atlanta, Georgia was closed on December 17, 2010 and resolved through a purchase and assumption. State Bank and Trust Company (GA) took over its insured deposits. At failure it held $242.3M in assets and $193.8M in deposits. The FDIC's estimated loss on the failure is $96.4M (39.8% of assets).
- Closing date
- December 17, 2010
- FDIC certificate #
- 35065
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- State Bank and Trust Company
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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