Bank Failure
THE BANK OF GEORGIA
Closed October 2, 2015 · PEACHTREE CITY, GA · FDIC Cert #35259.
- Closing date
- October 2, 2015
- Headquarters
- PEACHTREE CITY, GA
- FDIC Certificate
- 35259
- Total assets at closing
- $286,102,000
- Total deposits at closing
- $264,234,000
- Estimated loss to DIF
- $27,760,000
- Resolution type
- other
- Acquirer
- FIDELITY BANK (FDIC Cert #10516)
Context
On October 2, 2015, regulators closed THE BANK OF GEORGIA, headquartered in PEACHTREE CITY, GA. At closing, the institution held approximately $286,102,000 in assets and $264,234,000 in deposits. The FDIC arranged a resolution under which FIDELITY BANK acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $27,760,000.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 2015
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 2015-10-02 | HOMETOWN NATIONAL BANK | LONGVIEW, WA | $3,785,000 |
| 2015-07-10 | PREMIER BANK | DENVER, CO | $26,760,000 |
| 2015-05-08 | EDGEBROOK BANK | CHICAGO, IL | $90,034,000 |
| 2015-02-27 | DORAL BANK | SAN JUAN, PR | $5,898,515,000 |
| 2015-02-13 | CAPITOL CITY BANK & TRUST COMPANY | ATLANTA, GA | $272,311,000 |
| 2015-01-23 | HIGHLAND COMMUNITY BANK | CHICAGO, IL | $54,727,000 |
| 2015-01-16 | FIRST NATIONAL BANK OF CRESTVIEW | CRESTVIEW, FL | $73,804,000 |
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