# THE COMMUNITY BANK

> **Failed bank** · LOGANVILLE, GA · failed 2008-11-21 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $335M

## What happened

THE COMMUNITY BANK of LOGANVILLE, GA was closed by regulators on **2008-11-21**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **BANK OF ESSEX** (TAPPAHANNOCK, VA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3575
- **FDIC Certificate:** 16490
- **FDIC FIN:** 10022
- **Bank name:** THE COMMUNITY BANK
- **Location:** LOGANVILLE, GA
- **Failure date:** 2008-11-21
- **FDIC resolution date:** 2008-11-21
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $335M
- **Deposits at failure:** $604M
- **Assets at failure:** $635M
- **Acquiring bank:** BANK OF ESSEX (TAPPAHANNOCK, VA)

## Other banks BANK OF ESSEX has acquired in FDIC resolutions

- SUBURBAN FEDERAL SAVINGS BANK (CROFTON, MD) — failed 2009-01-30 — /failed-bank/3598

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE COMMUNITY BANK (FDIC ID 3575), failed 2008-11-21. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3575.

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