# COMMUNITY BANK & TRUST

> **Failed bank** · CORNELIA, GA · failed 2010-01-29 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $477M

## What happened

COMMUNITY BANK & TRUST of CORNELIA, GA was closed by regulators on **2010-01-29**. The FDIC was named receiver.

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

Deposits were transferred to **SCBT, NATIONAL ASSOCIATION** (ORANGEBURG, SC). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3744
- **FDIC Certificate:** 5702
- **FDIC FIN:** 10180
- **Bank name:** COMMUNITY BANK & TRUST
- **Location:** CORNELIA, GA
- **Failure date:** 2010-01-29
- **FDIC resolution date:** 2010-01-29
- **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:** $477M
- **Deposits at failure:** $1,068M
- **Assets at failure:** $1,182M
- **Acquiring bank:** SCBT, NATIONAL ASSOCIATION (ORANGEBURG, SC)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=COMMUNITY%20BANK%20%26%20TRUST

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COMMUNITY BANK & TRUST (FDIC ID 3744), failed 2010-01-29. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3744.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*