# ALPHA BANK & TRUST

> **Failed bank** · ALPHARETTA, GA · failed 2008-10-24 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $211M

## What happened

ALPHA BANK & TRUST of ALPHARETTA, GA was closed by regulators 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
- **Estimated FDIC DIF cost:** $211M
- **Deposits at failure:** $344M
- **Assets at failure:** $354M
- **Acquiring bank:** STEARNS BANK, NA (ST. CLOUD, MN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=ALPHA%20BANK%20%26%20TRUST

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, ALPHA BANK & TRUST (FDIC ID 3571), failed 2008-10-24. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3571.

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