Bank Failure
The First National Bank of Barnesville
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Closed October 22, 2010 · Barnesville, GA · FDIC Cert #2119.
- Closing date
- October 22, 2010
- Headquarters
- Barnesville, GA
- FDIC Certificate
- 2119
- Total assets at closing
- $126.6M
- Total deposits at closing
- $122.9M
- Estimated loss to the insurance fund
- $46.9M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- United Bank
Context
On October 22, 2010, regulators closed The First National Bank of Barnesville, headquartered in Barnesville, GA. At closing, the institution held approximately $126.6M in assets and $122.9M in deposits. The FDIC record names United Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $46.9M.
By assets at closing this is the 1056th largest of the 3,526 bank failures in the FDIC record, and the 111th 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 The First National Bank of Barnesville fail?
The First National Bank of Barnesville was closed by regulators on October 22, 2010.
Who acquired The First National Bank of Barnesville?
The FDIC record names United Bank as the acquiring institution in the resolution of The First National Bank of Barnesville.
How big was The First National Bank of Barnesville when it failed?
The First National Bank of Barnesville had approximately $126.6M in total assets and $122.9M 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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