Bank Failure
MUTUAL FEDERAL SAVINGS BANK OF ATLANTA
Closed March 10, 2000 · ATLANTA, GA · FDIC Cert #27886.
- Closing date
- March 10, 2000
- Headquarters
- ATLANTA, GA
- FDIC Certificate
- 27886
- Total assets at closing
- $31,479,000
- Total deposits at closing
- $32,234,000
- Estimated loss to DIF
- $1,322,000
- Resolution type
- other
- Acquirer
- CITIZENS TRUST BANK (FDIC Cert #6003)
Context
On March 10, 2000, regulators closed MUTUAL FEDERAL SAVINGS BANK OF ATLANTA, headquartered in ATLANTA, GA. At closing, the institution held approximately $31,479,000 in assets and $32,234,000 in deposits. The FDIC arranged a resolution under which CITIZENS TRUST BANK acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $1,322,000.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 2000
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 2000-12-14 | NATIONAL STATE BANK OF METROPOLIS | METROPOLIS, IL | $90,397,000 |
| 2000-10-13 | BANK OF HONOLULU | HONOLULU, HI | $63,890,000 |
| 2000-09-29 | BANK OF FALKNER | FALKNER, MS | $85,485,000 |
| 2000-07-14 | TOWN & COUNTRY BANK OF ALMELUND | ALMELUND, MN | $25,942,000 |
| 2000-06-02 | MONUMENT NATIONAL BANK | RIDGECREST, CA | $7,923,000 |
| 2000-01-14 | HARTFORD-CARLISLE SB | CARLISLE, IA | $105,044,000 |
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