CHESTATEE STATE BANK Failed 2010
What happened
CHESTATEE STATE BANK of DAWSONVILLE, GA was closed on 2010-12-17. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF THE OZARKS (LITTLE ROCK, AR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3887
- FDIC Certificate
- 34578
- FDIC FIN
- 10320
- Bank name
- CHESTATEE STATE BANK
- Location
- DAWSONVILLE, GA
- Failure date
- 2010-12-17
- FDIC resolution date
- 2010-12-17
- 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.)
- $83M
- Deposits at failure
- $240M
- Assets at failure
- $244M
- Acquiring bank
- BANK OF THE OZARKS (LITTLE ROCK, AR)
Other banks BANK OF THE OZARKS acquired in FDIC resolutions