# FIRST NATIONAL BANK OF GEORGIA

> **Failed bank** · CARROLLTON, GA · failed 2010-01-29 · National commercial bank (OCC-chartered) · FDIC cost $204M

## What happened

FIRST NATIONAL BANK OF GEORGIA of CARROLLTON, GA was closed by the OCC on **2010-01-29**. The FDIC was named receiver.

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

Deposits were transferred to **COMMUNITY & SOUTHERN BANK** (CARROLLTON, GA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3746
- **FDIC Certificate:** 16480
- **FDIC FIN:** 10179
- **Bank name:** FIRST NATIONAL BANK OF GEORGIA
- **Location:** CARROLLTON, GA
- **Failure date:** 2010-01-29
- **FDIC resolution date:** 2010-01-29
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $204M
- **Deposits at failure:** $780M
- **Assets at failure:** $841M
- **Acquiring bank:** COMMUNITY & SOUTHERN BANK (CARROLLTON, GA)

## Other banks COMMUNITY & SOUTHERN BANK has acquired in FDIC resolutions

- EASTSIDE COMMERCIAL BANK (CONYERS, GA) — failed 2014-07-18 — /failed-bank/4070
- GEORGIA TRUST BANK (BUFORD, GA) — failed 2012-07-20 — /failed-bank/4020
- FIRST CHEROKEE STATE BANK (WOODSTOCK, GA) — failed 2012-07-20 — /failed-bank/4018
- THE BANK OF ELLIJAY (ELLIJAY, GA) — failed 2010-09-17 — /failed-bank/3858
- FIRST COMMERCE COMMUNITY BANK (DOUGLASVILLE, GA) — failed 2010-09-17 — /failed-bank/3857
- THE PEOPLES BANK (WINDER, GA) — failed 2010-09-17 — /failed-bank/3853
- APPALACHIAN COMMUNITY BANK (ELLIJAY, GA) — failed 2010-03-19 — /failed-bank/3769

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST NATIONAL BANK OF GEORGIA (FDIC ID 3746), failed 2010-01-29. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3746.

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