CITIZENS BANK OF EFFINGHAM Failed 2011
What happened
CITIZENS BANK OF EFFINGHAM of SPRINGFIELD, 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 HERITAGE BANK OF THE SOUTH (ALBANY, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3910
- FDIC Certificate
- 34601
- FDIC FIN
- 10344
- Bank name
- CITIZENS BANK OF EFFINGHAM
- Location
- SPRINGFIELD, 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.)
- $48M
- Deposits at failure
- $206M
- Assets at failure
- $214M
- Acquiring bank
- HERITAGE BANK OF THE SOUTH (ALBANY, GA)
Other banks HERITAGE BANK OF THE SOUTH acquired in FDIC resolutions