HABERSHAM BANK Failed 2011
What happened
HABERSHAM BANK of CLARKESVILLE, GA was closed on 2011-02-18. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SCBT NATIONAL ASSOCIATION (ORANGEBURG, SC). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3909
- FDIC Certificate
- 151
- FDIC FIN
- 10345
- Bank name
- HABERSHAM BANK
- Location
- CLARKESVILLE, GA
- Failure date
- 2011-02-18
- FDIC resolution date
- 2011-02-18
- 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.)
- $119M
- Deposits at failure
- $340M
- Assets at failure
- $388M
- Acquiring bank
- SCBT NATIONAL ASSOCIATION (ORANGEBURG, SC)
Other banks SCBT NATIONAL ASSOCIATION acquired in FDIC resolutions