HAVEN TRUST BANK Failed 2008

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

What happened

HAVEN TRUST BANK of DULUTH, GA was closed on 2008-12-12. The FDIC was named receiver.

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

Deposits were transferred to BRANCH BANKING AND TRUST COMPANY (WINSTON-SALEM, NC). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID: 3585
FDIC Certificate: 35379
FDIC FIN: 10027
Bank name: HAVEN TRUST BANK
Location: DULUTH, GA
Failure date: 2008-12-12
FDIC resolution date: 2008-12-12
Charter type: State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type: Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.): $247M
Deposits at failure: $490M
Assets at failure: $560M
Acquiring bank: BRANCH BANKING AND TRUST COMPANY (WINSTON-SALEM, NC)