# CITIZENS BANK OF EFFINGHAM

> **Failed bank** · SPRINGFIELD, GA · failed 2011-02-18 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $48M

## What happened

CITIZENS BANK OF EFFINGHAM of SPRINGFIELD, GA was closed by regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- FRONTIER BANK (LAGRANGE, GA) — failed 2013-03-08 — /failed-bank/4037
- FIRST SOUTHERN NATIONAL BANK (STATESBORO, GA) — failed 2011-08-19 — /failed-bank/3958

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CITIZENS%20BANK%20OF%20EFFINGHAM

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITIZENS BANK OF EFFINGHAM (FDIC ID 3910), failed 2011-02-18. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3910.

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