# BANK OF HIAWASSEE

> **Failed bank** · HIAWASSEE, GA · failed 2010-03-19 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $107M

## What happened

BANK OF HIAWASSEE of HIAWASSEE, GA was closed by regulators 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
- **Estimated FDIC DIF cost:** $107M
- **Deposits at failure:** $340M
- **Assets at failure:** $378M
- **Acquiring bank:** CITIZENS SOUTH BANK (GASTONIA, NC)

## Other banks CITIZENS SOUTH BANK has acquired in FDIC resolutions

- NEW HORIZONS BANK (EAST ELLIJAY, GA) — failed 2011-04-15 — /failed-bank/3924

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANK OF HIAWASSEE (FDIC ID 3765), failed 2010-03-19. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3765.

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