Bank Failure
Enterprise Banking Company
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Closed January 21, 2011 · McDonough, GA · FDIC Cert #19758.
- Closing date
- January 21, 2011
- Headquarters
- McDonough, GA
- FDIC Certificate
- 19758
- Total assets at closing
- $99.5M
- Total deposits at closing
- $94.6M
- Estimated loss to the insurance fund
- $43.5M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
Context
On January 21, 2011, regulators closed Enterprise Banking Company, headquartered in McDonough, GA. At closing, the institution held approximately $99.5M in assets and $94.6M in deposits. The FDIC record does not name an acquiring institution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $43.5M.
By assets at closing this is the 1207th largest of the 3,526 bank failures in the FDIC record, and the 77th 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 Enterprise Banking Company fail?
Enterprise Banking Company was closed by regulators on January 21, 2011.
How big was Enterprise Banking Company when it failed?
Enterprise Banking Company had approximately $99.5M in total assets and $94.6M 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 |
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