FIRST COMMUNITY BANK OF CHEROKEE Failed 1992
What happened
FIRST COMMUNITY BANK OF CHEROKEE of WOODSTOCK, GA was closed on 1992-03-31. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to ETOWAH BANK (CANTON, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3301
- FDIC Certificate
- 27146
- FDIC FIN
- 4470
- Bank name
- FIRST COMMUNITY BANK OF CHEROKEE
- Location
- WOODSTOCK, GA
- Failure date
- 1992-03-31
- FDIC resolution date
- 1992-03-31
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $7M
- Deposits at failure
- $34M
- Assets at failure
- $36M
- Acquiring bank
- ETOWAH BANK (CANTON, GA)
Other banks ETOWAH BANK acquired in FDIC resolutions