BANK OF HIAWASSEE Failed 2010
What happened
BANK OF HIAWASSEE of HIAWASSEE, GA was closed on 2010-03-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CITIZENS SOUTH BANK (GASTONIA, NC). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3765
- FDIC Certificate
- 10054
- FDIC FIN
- 10202
- Bank name
- BANK OF HIAWASSEE
- Location
- HIAWASSEE, GA
- Failure date
- 2010-03-19
- FDIC resolution date
- 2010-03-19
- 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.)
- $107M
- Deposits at failure
- $340M
- Assets at failure
- $378M
- Acquiring bank
- CITIZENS SOUTH BANK (GASTONIA, NC)
Other banks CITIZENS SOUTH BANK acquired in FDIC resolutions