Bank Failure
Integrity Bank
BankRegReports is independent of Integrity Bank and never asks for online banking logins or passwords.
Closed August 29, 2008 · Alpharetta, GA · FDIC Cert #35469.
- Closing date
- August 29, 2008
- Headquarters
- Alpharetta, GA
- FDIC Certificate
- 35469
- Total assets at closing
- $1.11B
- Total deposits at closing
- $962.5M
- Estimated loss to the insurance fund
- $465.9M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Regions Bank
Context
On August 29, 2008, regulators closed Integrity Bank, headquartered in Alpharetta, GA. At closing, the institution held approximately $1.11B in assets and $962.5M in deposits. The FDIC record names Regions Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $465.9M.
By assets at closing this is the 194th largest of the 3,526 bank failures in the FDIC record, and the 9th of 25 in 2008. 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 Integrity Bank fail?
Integrity Bank was closed by regulators on August 29, 2008.
Who acquired Integrity Bank?
The FDIC record names Regions Bank as the acquiring institution in the resolution of Integrity Bank.
How big was Integrity Bank when it failed?
Integrity Bank had approximately $1.11B in total assets and $962.5M in deposits at the time of failure.
Other failures in 2008
| Date | Bank | Assets |
|---|---|---|
| Dec 12, 2008 | Haven Trust Bank | $559.6M |
| Dec 12, 2008 | Sanderson State Bank | $38.2M |
| Dec 5, 2008 | First Georgia Community Bank | $256.4M |
| Nov 21, 2008 | Downey Savings and Loan Association, F.A. | $12.78B |
| Nov 21, 2008 | PFF Bank & Trust | $3.72B |
| Nov 21, 2008 | The Community Bank | $634.9M |
| Nov 7, 2008 | Franklin Bank, SSB | $5.09B |
| Nov 7, 2008 | Security Pacific Bank | $528.0M |
Explore: all failures · GA bank events · 2008 events · events hub