# SOUTHERN COMMUNITY BANK

> **Failed bank** · FAYETTEVILLE, GA · failed 2009-06-19 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $137M

## What happened

SOUTHERN COMMUNITY BANK of FAYETTEVILLE, GA was closed by regulators on **2009-06-19**. The FDIC was named receiver.

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

Deposits were transferred to **UNITED COMMUNITY BANK** (BLAIRSVILLE, GA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3633
- **FDIC Certificate:** 35251
- **FDIC FIN:** 10067
- **Bank name:** SOUTHERN COMMUNITY BANK
- **Location:** FAYETTEVILLE, GA
- **Failure date:** 2009-06-19
- **FDIC resolution date:** 2009-06-19
- **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:** $137M
- **Deposits at failure:** $298M
- **Assets at failure:** $372M
- **Acquiring bank:** UNITED COMMUNITY BANK (BLAIRSVILLE, GA)

## Other banks UNITED COMMUNITY BANK has acquired in FDIC resolutions

- SECURITY STATE BANK (WEATHERFORD, OK) — failed 1984-09-21 — /failed-bank/919

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SOUTHERN COMMUNITY BANK (FDIC ID 3633), failed 2009-06-19. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3633.

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