FIRST NATIONAL BANK Failed 2010

What happened

FIRST NATIONAL BANK of SAVANNAH, GA was closed on 2010-06-25. The FDIC was named receiver.

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

Deposits were transferred to THE SAVANNAH BANK, NATIONAL ASSOCIATION (SAVANNAH, GA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3818

FDIC Certificate

34152

FDIC FIN

10251

Bank name

FIRST NATIONAL BANK

Location

SAVANNAH, GA

Failure date

2010-06-25

FDIC resolution date

2010-06-25

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$78M

Deposits at failure

$232M

Assets at failure

$253M

Acquiring bank

THE SAVANNAH BANK, NATIONAL ASSOCIATION (SAVANNAH, GA)