UNITED SECURITY BANK Failed 2009
What happened
UNITED SECURITY BANK of SPARTA, GA was closed on 2009-11-06. 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
- 3710
- FDIC Certificate
- 22286
- FDIC FIN
- 10145
- Bank name
- UNITED SECURITY BANK
- Location
- SPARTA, GA
- Failure date
- 2009-11-06
- FDIC resolution date
- 2009-11-06
- 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.)
- $61M
- Deposits at failure
- $150M
- Assets at failure
- $154M
- Acquiring bank
- AMERIS BANK (MOULTRIE, GA)
Other banks AMERIS BANK acquired in FDIC resolutions