ALPHA BANK & TRUST Failed 2008

ALPHARETTA, GA · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

ALPHA BANK & TRUST of ALPHARETTA, GA was closed on 2008-10-24. The FDIC was named receiver.

Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors

Deposits were transferred to STEARNS BANK, NA (ST. CLOUD, MN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3571
FDIC Certificate
58241
FDIC FIN
10018
Bank name
ALPHA BANK & TRUST
Location
ALPHARETTA, GA
Failure date
2008-10-24
FDIC resolution date
2008-10-24
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Payout / Insured deposits — FDIC paid insured deposits directly to depositors
FDIC DIF cost (est.)
$211M
Deposits at failure
$344M
Assets at failure
$354M
Acquiring bank
STEARNS BANK, NA (ST. CLOUD, MN)