Bank Failure
Hometown Communitybank
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Closed November 16, 2012 · Braselton, GA · FDIC Cert #57928.
- Closing date
- November 16, 2012
- Headquarters
- Braselton, GA
- FDIC Certificate
- 57928
- Total assets at closing
- $124.6M
- Total deposits at closing
- $108.9M
- Estimated loss to the insurance fund
- $39.7M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Certusbank, N.A.
Context
On November 16, 2012, regulators closed Hometown Communitybank, headquartered in Braselton, GA. At closing, the institution held approximately $124.6M in assets and $108.9M in deposits. The FDIC record names Certusbank, N.A. as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $39.7M.
By assets at closing this is the 1066th largest of the 3,526 bank failures in the FDIC record, and the 32nd of 51 in 2012. 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 Hometown Communitybank fail?
Hometown Communitybank was closed by regulators on November 16, 2012.
Who acquired Hometown Communitybank?
The FDIC record names Certusbank, N.A. as the acquiring institution in the resolution of Hometown Communitybank.
How big was Hometown Communitybank when it failed?
Hometown Communitybank had approximately $124.6M in total assets and $108.9M in deposits at the time of failure.
Other failures in 2012
| Date | Bank | Assets |
|---|---|---|
| Dec 14, 2012 | Community Bank of the Ozarks | $42.8M |
| Nov 2, 2012 | Citizens First National Bank | $924.0M |
| Nov 2, 2012 | Heritage Bank of Florida | $225.5M |
| Oct 26, 2012 | Nova Bank | $444.7M |
| Oct 19, 2012 | Excel Bank | $186.1M |
| Oct 19, 2012 | Gulfsouth Private Bank | $139.4M |
| Oct 19, 2012 | First East Side Savings Bank | $65.7M |
| Sep 28, 2012 | First United Bank | $328.4M |
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