FIRST PIEDMONT BANK Failed 2009
What happened
FIRST PIEDMONT BANK of WINDER, GA was closed on 2009-07-17. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST AMERICAN BANK AND TRUST COMPANY (ATHENS, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3650
- FDIC Certificate
- 34594
- FDIC FIN
- 10084
- Bank name
- FIRST PIEDMONT BANK
- Location
- WINDER, GA
- Failure date
- 2009-07-17
- FDIC resolution date
- 2009-07-17
- 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.)
- $38M
- Deposits at failure
- $108M
- Assets at failure
- $114M
- Acquiring bank
- FIRST AMERICAN BANK AND TRUST COMPANY (ATHENS, GA)
Other banks FIRST AMERICAN BANK AND TRUST COMPANY acquired in FDIC resolutions