Bank Failure
Community Bank of Rockmart
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Closed November 10, 2011 · Rockmart, GA · FDIC Cert #57860.
- Closing date
- November 10, 2011
- Headquarters
- Rockmart, GA
- FDIC Certificate
- 57860
- Total assets at closing
- $62.4M
- Total deposits at closing
- $55.9M
- Estimated loss to the insurance fund
- $20.3M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Century Bank of Georgia
Context
On November 10, 2011, regulators closed Community Bank of Rockmart, headquartered in Rockmart, GA. At closing, the institution held approximately $62.4M in assets and $55.9M in deposits. The FDIC record names Century Bank of Georgia as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $20.3M.
By assets at closing this is the 1498th largest of the 3,526 bank failures in the FDIC record, and the 86th 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 Community Bank of Rockmart fail?
Community Bank of Rockmart was closed by regulators on November 10, 2011.
Who acquired Community Bank of Rockmart?
The FDIC record names Century Bank of Georgia as the acquiring institution in the resolution of Community Bank of Rockmart.
How big was Community Bank of Rockmart when it failed?
Community Bank of Rockmart had approximately $62.4M in total assets and $55.9M 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 4, 2011 | Sunfirst Bank | $198.1M |
| Nov 4, 2011 | Mid City Bank, Inc. | $106.1M |
| Oct 28, 2011 | All American Bank | $34.8M |
| Oct 21, 2011 | Community Banks of Colorado | $1.28B |
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