FIRST GEORGIA COMMUNITY BANK Failed 2008
What happened
FIRST GEORGIA COMMUNITY BANK of JACKSON, GA was closed on 2008-12-05. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNITED BANK (ZEBULON, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3583
- FDIC Certificate
- 34301
- FDIC FIN
- 10025
- Bank name
- FIRST GEORGIA COMMUNITY BANK
- Location
- JACKSON, GA
- Failure date
- 2008-12-05
- FDIC resolution date
- 2008-12-05
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $86M
- Deposits at failure
- $215M
- Assets at failure
- $256M
- Acquiring bank
- UNITED BANK (ZEBULON, GA)
Other banks UNITED BANK acquired in FDIC resolutions