SATILLA COMMUNITY BANK Failed 2010
What happened
SATILLA COMMUNITY BANK of SAINT MARYS, GA was closed on 2010-05-14. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to AMERIS BANK (MOULTRIE, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3804
- FDIC Certificate
- 35114
- FDIC FIN
- 10238
- Bank name
- SATILLA COMMUNITY BANK
- Location
- SAINT MARYS, GA
- Failure date
- 2010-05-14
- FDIC resolution date
- 2010-05-14
- 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.)
- $36M
- Deposits at failure
- $134M
- Assets at failure
- $136M
- Acquiring bank
- AMERIS BANK (MOULTRIE, GA)
Other banks AMERIS BANK acquired in FDIC resolutions