# COBB FSA

> **Failed bank** · MARIETTA, GA · failed 1991-11-08 · Savings bank · FDIC cost $26M

## What happened

COBB FSA of MARIETTA, GA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $26M
- **Deposits at failure:** $83M
- **Assets at failure:** $83M
- **Acquiring bank:** FIRST UNION NB OF GA (ATLANTA, GA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=COBB%20FSA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COBB FSA (FDIC ID 3233), failed 1991-11-08. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3233.

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