SECURITY BANK OF NORTH FULTON Failed 2009
What happened
SECURITY BANK OF NORTH FULTON of ALPHARETTA, GA was closed on 2009-07-24. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to STATE BANK AND TRUST COMPANY (PINEHURST, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3656
- FDIC Certificate
- 57430
- FDIC FIN
- 10089
- Bank name
- SECURITY BANK OF NORTH FULTON
- Location
- ALPHARETTA, GA
- Failure date
- 2009-07-24
- FDIC resolution date
- 2009-07-24
- 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.)
- $49M
- Deposits at failure
- $180M
- Assets at failure
- $191M
- Acquiring bank
- STATE BANK AND TRUST COMPANY (PINEHURST, GA)
Other banks STATE BANK AND TRUST COMPANY acquired in FDIC resolutions
- COMMUNITY CAPITAL BANK (JONESBORO, GA) — failed 2011-10-21
- PIEDMONT COMMUNITY BANK (GRAY, GA) — failed 2011-10-14
- UNITED AMERICAS BANK (ATLANTA, GA) — failed 2010-12-17
- NORTHWEST BANK & TRUST (ACWORTH, GA) — failed 2010-07-30
- THE BUCKHEAD COMMUNITY BANK (ATLANTA, GA) — failed 2009-12-04
- FIRST SECURITY NATIONAL BANK (NORCROSS, GA) — failed 2009-12-04
- SECURITY BANK OF GWINNETT COUNTY (SUWANNEE, GA) — failed 2009-07-24
- SECURITY BANK OF NORTH METRO (WOODSTOCK, GA) — failed 2009-07-24
- SECURITY BANK OF BIBB COUNTY (MACON, GA) — failed 2009-07-24
- SECURITY BANK OF HOUSTON COUNTY (PERRY, GA) — failed 2009-07-24