NEIGHBORHOOD COMMUNITY BANK Failed 2009
What happened
NEIGHBORHOOD COMMUNITY BANK of NEWNAN, GA was closed on 2009-06-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CHARTERBANK (WEST POINT, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3635
- FDIC Certificate
- 35285
- FDIC FIN
- 10069
- Bank name
- NEIGHBORHOOD COMMUNITY BANK
- Location
- NEWNAN, GA
- Failure date
- 2009-06-26
- FDIC resolution date
- 2009-06-26
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $81M
- Deposits at failure
- $190M
- Assets at failure
- $213M
- Acquiring bank
- CHARTERBANK (WEST POINT, GA)
Other banks CHARTERBANK acquired in FDIC resolutions