CRESCENT BANK AND TRUST COMPANY Failed 2010
What happened
CRESCENT BANK AND TRUST COMPANY of JASPER, GA was closed on 2010-07-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to RENASANT BANK (TUPELO, MS). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3833
- FDIC Certificate
- 27559
- FDIC FIN
- 10265
- Bank name
- CRESCENT BANK AND TRUST COMPANY
- Location
- JASPER, GA
- Failure date
- 2010-07-23
- FDIC resolution date
- 2010-07-23
- 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.)
- $304M
- Deposits at failure
- $933M
- Assets at failure
- $970M
- Acquiring bank
- RENASANT BANK (TUPELO, MS)
Other banks RENASANT BANK acquired in FDIC resolutions