FIRSTBANK FINANCIAL SERVICES Failed 2009
What happened
FIRSTBANK FINANCIAL SERVICES of MCDONOUGH, GA was closed on 2009-02-06. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to REGIONS BANK (BIRMINGHAM, AL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3602
- FDIC Certificate
- 57017
- FDIC FIN
- 10036
- Bank name
- FIRSTBANK FINANCIAL SERVICES
- Location
- MCDONOUGH, GA
- Failure date
- 2009-02-06
- FDIC resolution date
- 2009-02-06
- 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.)
- $151M
- Deposits at failure
- $279M
- Assets at failure
- $317M
- Acquiring bank
- REGIONS BANK (BIRMINGHAM, AL)
Other banks REGIONS BANK acquired in FDIC resolutions