OGLETHORPE BANK Failed 2011
What happened
OGLETHORPE BANK of BRUNSWICK, GA was closed on 2011-01-14. 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
- 3893
- FDIC Certificate
- 57440
- FDIC FIN
- 10327
- Bank name
- OGLETHORPE BANK
- Location
- BRUNSWICK, GA
- Failure date
- 2011-01-14
- FDIC resolution date
- 2011-01-14
- 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.)
- $84M
- Deposits at failure
- $201M
- Assets at failure
- $211M
- Acquiring bank
- BANK OF THE OZARKS (LITTLE ROCK, AR)
Other banks BANK OF THE OZARKS acquired in FDIC resolutions