THE GORDON BANK Failed 2010

GORDON, GA · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

THE GORDON BANK of GORDON, GA was closed on 2010-10-22. The FDIC was named receiver.

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

Deposits were transferred to MORRIS BANK (DUBLIN, GA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3872
FDIC Certificate
33904
FDIC FIN
10305
Bank name
THE GORDON BANK
Location
GORDON, GA
Failure date
2010-10-22
FDIC resolution date
2010-10-22
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.)
$10M
Deposits at failure
$27M
Assets at failure
$29M
Acquiring bank
MORRIS BANK (DUBLIN, GA)