CENTURY SECURITY BANK Failed 2010
What happened
CENTURY SECURITY BANK of DULUTH, 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 BANK OF UPSON (THOMASTON, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3770
- FDIC Certificate
- 58104
- FDIC FIN
- 10198
- Bank name
- CENTURY SECURITY BANK
- Location
- DULUTH, 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.)
- $38M
- Deposits at failure
- $94M
- Assets at failure
- $97M
- Acquiring bank
- BANK OF UPSON (THOMASTON, GA)