Bank Failure
The Woodbury Banking Company
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Closed August 19, 2016 · Woodbury, GA · FDIC Cert #11297.
- Closing date
- August 19, 2016
- Headquarters
- Woodbury, GA
- FDIC Certificate
- 11297
- Total assets at closing
- $21.4M
- Total deposits at closing
- $21.1M
- Estimated loss to the insurance fund
- $3.3M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- United Bank
Context
On August 19, 2016, regulators closed The Woodbury Banking Company, headquartered in Woodbury, GA. At closing, the institution held approximately $21.4M in assets and $21.1M 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 $3.3M.
By assets at closing this is the 2288th largest of the 3,526 bank failures in the FDIC record, and the 4th of 5 in 2016. It falls in the period the record labels Post-Dodd-Frank Calm (2014-2022), a period with 47 failures peaking at 18 in 2014.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did The Woodbury Banking Company fail?
The Woodbury Banking Company was closed by regulators on August 19, 2016.
Who acquired The Woodbury Banking Company?
The FDIC record names United Bank as the acquiring institution in the resolution of The Woodbury Banking Company.
How big was The Woodbury Banking Company when it failed?
The Woodbury Banking Company had approximately $21.4M in total assets and $21.1M in deposits at the time of failure.
Other failures in 2016
| Date | Bank | Assets |
|---|---|---|
| Sep 23, 2016 | Allied Bank | $66.3M |
| May 6, 2016 | First Cornerstone Bank | $103.3M |
| Apr 29, 2016 | Trust Company Bank | $19.0M |
| Mar 11, 2016 | North Milwaukee State Bank | $67.1M |
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