Bank Failure
McIntosh Commercial Bank
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Closed March 26, 2010 · Carrollton, GA · FDIC Cert #57399.
- Closing date
- March 26, 2010
- Headquarters
- Carrollton, GA
- FDIC Certificate
- 57399
- Total assets at closing
- $363.4M
- Total deposits at closing
- $343.3M
- Estimated loss to the insurance fund
- $164.0M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Charterbank
Context
On March 26, 2010, regulators closed McIntosh Commercial Bank, headquartered in Carrollton, GA. At closing, the institution held approximately $363.4M in assets and $343.3M in deposits. The FDIC record names Charterbank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $164.0M.
By assets at closing this is the 484th largest of the 3,526 bank failures in the FDIC record, and the 61st of 157 in 2010. 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 McIntosh Commercial Bank fail?
McIntosh Commercial Bank was closed by regulators on March 26, 2010.
Who acquired McIntosh Commercial Bank?
The FDIC record names Charterbank as the acquiring institution in the resolution of McIntosh Commercial Bank.
How big was McIntosh Commercial Bank when it failed?
McIntosh Commercial Bank had approximately $363.4M in total assets and $343.3M in deposits at the time of failure.
Other failures in 2010
| Date | Bank | Assets |
|---|---|---|
| Dec 17, 2010 | The Bank of Miami | $448.1M |
| Dec 17, 2010 | Chestatee State Bank | $244.4M |
| Dec 17, 2010 | United Americas Bank | $242.3M |
| Dec 17, 2010 | First Southern Bank | $191.8M |
| Dec 17, 2010 | Appalacian Community Bank, F.S.B. | $68.2M |
| Dec 17, 2010 | Community National Bank | $31.6M |
| Dec 10, 2010 | Paramount Bank | $252.7M |
| Dec 10, 2010 | Earthstar Bank | $112.6M |
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