COBB FSA Failed 1991
What happened
COBB FSA of MARIETTA, GA was closed on 1991-11-08. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST UNION NB OF GA (ATLANTA, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3233
- FDIC Certificate
- 32543
- FDIC FIN
- 1297
- Bank name
- COBB FSA
- Location
- MARIETTA, GA
- Failure date
- 1991-11-08
- FDIC resolution date
- 1994-08-12
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $26M
- Deposits at failure
- $83M
- Assets at failure
- $83M
- Acquiring bank
- FIRST UNION NB OF GA (ATLANTA, GA)