EBANK Failed 2009
What happened
EBANK of ATLANTA, GA was closed on 2009-08-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to STEARNS BANK, N.A. (ST. CLOUD, MN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3673
- FDIC Certificate
- 34682
- FDIC FIN
- 10107
- Bank name
- EBANK
- Location
- ATLANTA, GA
- Failure date
- 2009-08-21
- FDIC resolution date
- 2009-08-21
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $50M
- Deposits at failure
- $132M
- Assets at failure
- $145M
- Acquiring bank
- STEARNS BANK, N.A. (ST. CLOUD, MN)