# NEW HORIZONS BANK

> **Failed bank** · EAST ELLIJAY, GA · failed 2011-04-15 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $35M

## What happened

NEW HORIZONS BANK of EAST ELLIJAY, GA was closed by regulators on **2011-04-15**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **CITIZENS SOUTH BANK** (GASTONIA, NC). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3924
- **FDIC Certificate:** 57705
- **FDIC FIN:** 10355
- **Bank name:** NEW HORIZONS BANK
- **Location:** EAST ELLIJAY, GA
- **Failure date:** 2011-04-15
- **FDIC resolution date:** 2011-04-15
- **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:** $35M
- **Deposits at failure:** $99M
- **Assets at failure:** $103M
- **Acquiring bank:** CITIZENS SOUTH BANK (GASTONIA, NC)

## Other banks CITIZENS SOUTH BANK has acquired in FDIC resolutions

- BANK OF HIAWASSEE (HIAWASSEE, GA) — failed 2010-03-19 — /failed-bank/3765

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, NEW HORIZONS BANK (FDIC ID 3924), failed 2011-04-15. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3924.

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