# FIRST COWETA

> **Failed bank** · NEWNAN, GA · failed 2009-08-21 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $67M

## What happened

FIRST COWETA of NEWNAN, GA was closed by regulators on **2009-08-21**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 3674
- **FDIC Certificate:** 57702
- **FDIC FIN:** 10108
- **Bank name:** FIRST COWETA
- **Location:** NEWNAN, GA
- **Failure date:** 2009-08-21
- **FDIC resolution date:** 2009-08-21
- **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:** $67M
- **Deposits at failure:** $155M
- **Assets at failure:** $164M
- **Acquiring bank:** UNITED BANK (ZEBULON, GA)

## Other banks UNITED BANK has acquired in FDIC resolutions

- THE WOODBURY BANKING COMPANY (WOODBURY, GA) — failed 2016-08-19 — /failed-bank/4087
- THE FIRST NATIONAL BANK OF BARNESVILLE (BARNESVILLE, GA) — failed 2010-10-22 — /failed-bank/3866
- FIRST GEORGIA COMMUNITY BANK (JACKSON, GA) — failed 2008-12-05 — /failed-bank/3583

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST COWETA (FDIC ID 3674), failed 2009-08-21. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/3674.

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