MUTUAL FEDERAL SAVINGS BANK OF ATLANTA Failed 2000
What happened
MUTUAL FEDERAL SAVINGS BANK OF ATLANTA of ATLANTA, GA was closed on 2000-03-10. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CITIZENS TRUST BANK (ATLANTA, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3525
- FDIC Certificate
- 27886
- FDIC FIN
- 6003
- Bank name
- MUTUAL FEDERAL SAVINGS BANK OF ATLANTA
- Location
- ATLANTA, GA
- Failure date
- 2000-03-10
- FDIC resolution date
- 2000-03-10
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $32M
- Assets at failure
- $31M
- Acquiring bank
- CITIZENS TRUST BANK (ATLANTA, GA)