AMERICAN UNITED BANK Failed 2009
What happened
AMERICAN UNITED BANK of LAWRENCEVILLE, GA was closed on 2009-10-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to AMERIS BANK (MOULTRIE, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3697
- FDIC Certificate
- 57794
- FDIC FIN
- 10127
- Bank name
- AMERICAN UNITED BANK
- Location
- LAWRENCEVILLE, GA
- Failure date
- 2009-10-23
- FDIC resolution date
- 2009-10-23
- 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.)
- $44M
- Deposits at failure
- $102M
- Assets at failure
- $110M
- Acquiring bank
- AMERIS BANK (MOULTRIE, GA)
Other banks AMERIS BANK acquired in FDIC resolutions