GEORGIAN BANK Failed 2009

ATLANTA, GA · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

GEORGIAN BANK of ATLANTA, GA was closed on 2009-09-25. The FDIC was named receiver.

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

Deposits were transferred to FIRST CITIZENS BANK & TRUST COMPANY (COLUMBIA, SC). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3688
FDIC Certificate
57151
FDIC FIN
10122
Bank name
GEORGIAN BANK
Location
ATLANTA, GA
Failure date
2009-09-25
FDIC resolution date
2009-09-25
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.)
$961M
Deposits at failure
$1,960M
Assets at failure
$2,230M
Acquiring bank
FIRST CITIZENS BANK & TRUST COMPANY (COLUMBIA, SC)