Bank Failure
FIRST AUGUSTA BANK & TRUST COMPANY
Closed May 20, 1977 · AUGUSTA, GA · FDIC Cert #19871.
- Closing date
- May 20, 1977
- Headquarters
- AUGUSTA, GA
- FDIC Certificate
- 19871
- Total assets at closing
- $24,223,000
- Total deposits at closing
- $20,017,000
- Resolution type
- other
Context
On May 20, 1977, regulators closed FIRST AUGUSTA BANK & TRUST COMPANY, headquartered in AUGUSTA, GA. At closing, the institution held approximately $24,223,000 in assets and $20,017,000 in deposits. The FDIC resolved the institution without a single-acquirer transaction.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 1977
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1977-09-02 | BANCO ECONOMIAS | SAN GERMAN, PR | $190,254,000 |
| 1977-08-26 | DONAHUE SAVINGS BANK | DONAHUE, IA | $5,509,000 |
| 1977-07-29 | REPUBLIC NATIONAL BANK OF LOUISIANA | NEW ORLEANS, LA | $6,267,000 |
| 1977-03-28 | THE MONROE BANK AND TRUST COMPANY | MONROE, CT | $4,315,000 |
| 1977-03-10 | FIRST STATE BANK | FOSS, OK | $2,044,000 |
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