TIFTON BANKING COMPANY Failed 2010
What happened
TIFTON BANKING COMPANY of TIFTON, GA was closed on 2010-11-12. 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
- 3879
- FDIC Certificate
- 57831
- FDIC FIN
- 10313
- Bank name
- TIFTON BANKING COMPANY
- Location
- TIFTON, GA
- Failure date
- 2010-11-12
- FDIC resolution date
- 2010-11-12
- 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.)
- $21M
- Deposits at failure
- $142M
- Assets at failure
- $144M
- Acquiring bank
- AMERIS BANK (MOULTRIE, GA)
Other banks AMERIS BANK acquired in FDIC resolutions