APPALACIAN COMMUNITY BANK, F.S.B. Failed 2010
What happened
APPALACIAN COMMUNITY BANK, F.S.B. of MCCAYSVILLE, 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 PEOPLES BANK OF EAST TENNESSEE (MADISONVILLE, TN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3890
- FDIC Certificate
- 58495
- FDIC FIN
- 10319
- Bank name
- APPALACIAN COMMUNITY BANK, F.S.B.
- Location
- MCCAYSVILLE, GA
- Failure date
- 2010-12-17
- FDIC resolution date
- 2010-12-17
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $28M
- Deposits at failure
- $76M
- Assets at failure
- $68M
- Acquiring bank
- PEOPLES BANK OF EAST TENNESSEE (MADISONVILLE, TN)