Bank Failure
American Trust Bank
BankRegReports is independent of American Trust Bank and never asks for online banking logins or passwords.
Closed February 4, 2011 · Roswell, GA · FDIC Cert #57432.
- Closing date
- February 4, 2011
- Headquarters
- Roswell, GA
- FDIC Certificate
- 57432
- Total assets at closing
- $238.2M
- Total deposits at closing
- $222.2M
- Estimated loss to the insurance fund
- $69.3M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Renasant Bank
Context
On February 4, 2011, regulators closed American Trust Bank, headquartered in Roswell, GA. At closing, the institution held approximately $238.2M in assets and $222.2M in deposits. The FDIC record names Renasant Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $69.3M.
By assets at closing this is the 672nd largest of the 3,526 bank failures in the FDIC record, and the 36th of 92 in 2011. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did American Trust Bank fail?
American Trust Bank was closed by regulators on February 4, 2011.
Who acquired American Trust Bank?
The FDIC record names Renasant Bank as the acquiring institution in the resolution of American Trust Bank.
How big was American Trust Bank when it failed?
American Trust Bank had approximately $238.2M in total assets and $222.2M in deposits at the time of failure.
Other failures in 2011
| Date | Bank | Assets |
|---|---|---|
| Dec 16, 2011 | Western National Bank | $162.9M |
| Dec 16, 2011 | Premier Community Bank of the Emerald Coast | $126.0M |
| Nov 18, 2011 | Central Progressive Bank | $383.1M |
| Nov 18, 2011 | Polk County Bank | $91.6M |
| Nov 10, 2011 | Community Bank of Rockmart | $62.4M |
| Nov 4, 2011 | Sunfirst Bank | $198.1M |
| Nov 4, 2011 | Mid City Bank, Inc. | $106.1M |
| Oct 28, 2011 | All American Bank | $34.8M |
Explore: all failures · GA bank events · 2011 events · events hub