Bank failure · GA
United Security Bank (Sparta, GA) — failed November 6, 2009
United Security Bank of Sparta, Georgia was closed on November 6, 2009 and resolved through a purchase and assumption. Ameris Bank (GA) took over its insured deposits. At failure it held $153.6M in assets and $149.6M in deposits. The FDIC's estimated loss on the failure is $60.9M (39.6% of assets).
- Closing date
- November 6, 2009
- FDIC certificate #
- 22286
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Ameris Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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