AMERICAN TRUST BANK Failed 2011
What happened
AMERICAN TRUST BANK of ROSWELL, GA was closed on 2011-02-04. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to RENASANT BANK (TUPELO, MS). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3903
- FDIC Certificate
- 57432
- FDIC FIN
- 10336
- Bank name
- AMERICAN TRUST BANK
- Location
- ROSWELL, GA
- Failure date
- 2011-02-04
- FDIC resolution date
- 2011-02-04
- 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.)
- $69M
- Deposits at failure
- $222M
- Assets at failure
- $238M
- Acquiring bank
- RENASANT BANK (TUPELO, MS)
Other banks RENASANT BANK acquired in FDIC resolutions