Bank Failure
Capitol City Bank & Trust Company
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Closed February 13, 2015 · Atlanta, GA · FDIC Cert #33938.
- Closing date
- February 13, 2015
- Headquarters
- Atlanta, GA
- FDIC Certificate
- 33938
- Total assets at closing
- $272.3M
- Total deposits at closing
- $262.7M
- Estimated loss to the insurance fund
- $95.9M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- First-Citizens Bank & Trust Company
Context
On February 13, 2015, regulators closed Capitol City Bank & Trust Company, headquartered in Atlanta, GA. At closing, the institution held approximately $272.3M in assets and $262.7M in deposits. The FDIC record names First-Citizens Bank & Trust Company as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $95.9M.
By assets at closing this is the 597th largest of the 3,526 bank failures in the FDIC record, and the 3rd of 8 in 2015. It falls in the period the record labels Post-Dodd-Frank Calm (2014-2022), a period with 47 failures peaking at 18 in 2014.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Capitol City Bank & Trust Company fail?
Capitol City Bank & Trust Company was closed by regulators on February 13, 2015.
Who acquired Capitol City Bank & Trust Company?
The FDIC record names First-Citizens Bank & Trust Company as the acquiring institution in the resolution of Capitol City Bank & Trust Company.
How big was Capitol City Bank & Trust Company when it failed?
Capitol City Bank & Trust Company had approximately $272.3M in total assets and $262.7M in deposits at the time of failure.
Other failures in 2015
| Date | Bank | Assets |
|---|---|---|
| Oct 2, 2015 | The Bank of Georgia | $286.1M |
| Oct 2, 2015 | Hometown National Bank | $3.8M |
| Jul 10, 2015 | Premier Bank | $26.8M |
| May 8, 2015 | Edgebrook Bank | $90.0M |
| Feb 27, 2015 | Doral Bank | $5.90B |
| Jan 23, 2015 | Highland Community Bank | $54.7M |
| Jan 16, 2015 | First National Bank of Crestview | $73.8M |
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